"Tax Bonanza: ExpandedIndividual Tax-Credits in New Law" To get our complete, FREE articlewith all the details… For tax-year 2021, Congress is giving away money. A LOT of money. In fact, Uncle Sam is backing up the truck and passing out billions and billions of dollars to businesses just like yours! Thank the American Rescue Plan Act of 2021for putting more … [Read more...]
Filing tips
Sorted by Date
Deducting Disaster Losses for Individuals
Whether you’re insured or not, a disaster means tax trouble. You’ll find out why when you read the full article,“Deducting Disaster Losses for Individuals” When a disaster strikes, brace yourself. You’re in for painful tax-problems concerning your disaster-loss deductions. (The tax law is your second disaster!) Here are two of many important facts… Deduction Fact … [Read more...]
Congress Passes Corporate Transparency Act: What It Means for You
Say goodbye to privacy.Say hello to new reporting requirements. Read the full article:“Congress Passes Corporate Transparency Act:What It Means for You” Are you running an LLC or a corporation? Then be prepared for an important change in the law… Starting in 2022, the new Corporate Transparency Act (CTA) goes into effect… For the first time, federal law will … [Read more...]
New COVID-19 Relief Law Turbocharges Employee Retention Credit
I’ve got some good news for you, but first let’s start with a little history. When Congress passed the CARES Act back in March of 2020, they gave business owners such as you, two choices. You could take advantage of the Paycheck Protection Plan (PPP) and get a fully reimbursed loan designed to help you stay afloat. (Free money!) Or You could get an “employee … [Read more...]
If the SBA Makes Loan Payments on Your Behalf, Are You Taxed?
Don’t miss my new article! As you probably know, the Small Business Administration (SBA) established programs designed to provide cash infusions to businesses affected by the COVID-19 pandemic. I’m talking about… The Paycheck Protection ProgramEconomic Injury Disaster Loans (EIDLs) But did you know that the SBA established several other loan programs that pre-date … [Read more...]