Business Deductions
A recent tax law provides a 100% business deduction (up from 50%) for food and beverage expenses in 2021 and 2022 as long as they’re “provided >>
News
Emergency Paid Sick Leave: What employers need to know.
As the COVID-19 pandemic continues, new federal law targets help to American businesses. President Joe Biden signed the American Rescue Plan Act into law on March >>
Will you be able to claim a home office deduction while working from home due to Covid-19?
With many taxpayers working from home due to COVID-19, you may be wondering about the possibility of claiming home office deductions on your tax return. Unfortunately, >>
Making sense of your statement of cash flows
The statement of cash flows essentially tells you about cash entering and leaving a business. It’s arguably the most misunderstood and underappreciated part of a company’s >>
Didn’t contribute to an IRA last year? There still may be time
If you’re getting ready to file your 2020 tax return, and your tax bill is higher than you’d like, there might still be an opportunity to >>
Retiring soon? Recent law changes may have an impact on your retirement savings
If you’re approaching retirement, you probably want to ensure the money you’ve saved in retirement plans lasts as long as possible. If so, be aware that >>
Building customers’ trust in your website
The events of the past year have taught business owners many important lessons. One of them is that, when a crisis hits, customers turn on their >>
Did you make donations in 2020? There’s still time to get substantiation
To claim a deduction for a donation of $250 or more, you generally need a contemporaneous written acknowledgment from the charity. “Contemporaneous” means the earlier of >>
Home Buying, Home Selling … and Your Taxes
The tax part doesn’t have to be overwhelming – help is available. Buying a home is one of the biggest expenses in an individual’s life – >>
New Wave of Covid-19 Related Scams!
The U.S. Department of Justice (DOJ) and the IRS’s Criminal Investigation division are warning taxpayers about a new wave of COVID-19-related scams. Officials with the DOJ >>
