Take action before December 31 Although most investors and small business owners strive to implement tax planning strategies throughout the year, there are often items...

The dos and don’ts of IRS communication Every year the IRS mails letters or notices to taxpayers for many different reasons. Typically, it’s about a...

What proposed changes mean for high-income earners In mid-September, House Democrats released the details of their proposed tax plan. The proposal is expected to raise...

What you need to know to fill out this form correctly The Form 1099-NEC is used to report any compensation given to nonemployees by a...

The key things to know about PPP1 and PPP2, EIDL, ERC and HHS in one place The COVID-19 pandemic brought many unforeseen challenges to 2020...

The Consolidated Appropriations Act’s tax provisions impacting you In late December of 2020, the Consolidated Appropriations Act (CAA) became law. Although most of the news...

Walk through two scenarios on how to calculate the credit Earlier this week, we released a blog outlining the changes to the Employee Retention Credit (ERC)....

Details surrounding how to claim this credit in 2020 and 2021 In late December, Congress passed the Consolidated Appropriations Act 2021 (CAA), a bill combining...

SBA portal opens for first- and second-time borrowers As of Jan. 11, 2021 at 9:00 a.m., the Paycheck Protection Program (PPP) loan portal system is...

Plan for this year and catch up on IRA retirement savings Last year was tough, but 2021 brings a fresh opportunity to get retirement savings...

Summary of important deadlines, eligibility requirements, and loan amounts On December 27, 2020, President Trump signed into law the Economic Aid to Hard-Hit Small Businesses,...