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Tax Issues Related to Renting Your Vacation Home
Do you own a second home at the beach, in the mountains, or some other getaway location, or are you thinking about buying one? If so,...
Jul 9, 20215 min read


Exit Strategy: How to Create One for Your Small Business
Owning your own small business is a dream that few are fortunate enough to realize, but even those new to the joys of entrepreneurial...
Jul 9, 20215 min read


2021 - the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers
This is an overview of the several tax benefits that were included in the American Rescue Plan Act recently passed by Congress that will...
Jun 25, 20215 min read


IRS Unveils Online Tool to Register or Opt out of Child Tax Credit Payments
As we noted in prior articles, Congress has made substantial changes to the child tax credit (CTC) for 2021. · The CTC has been increased...
Jun 23, 20212 min read


Haven't received your tax refund yet?
You are not alone. We have been hearing from clients who are still waiting on refunds from returns filed early in the year. In normal...
Jun 23, 20213 min read


Don’t Lose Your Passport Because of Unpaid Federal Debt
The IRS has begun issuing notice CP508C to taxpayers with “seriously delinquent” tax debt and the service has resumed its program of...
Jun 7, 20213 min read


Recordkeeping Tips to Keep the IRS Away
With the ever-increasing complexity of our tax system, it is commonplace for many small businesses to make mistakes with bookkeeping and...
Jun 4, 20214 min read


Recap of the latest Small Business Events -May 2021
Here are five things that happened this past month that could affect your business. 1) The US Treasury proposed a global minimum...
Jun 4, 20212 min read


4 Ways to Stop Your Overspending
If opening your credit card bills, your checkbook, or your wallet are traumatic events, you may have a problem with overspending. It’s...
May 31, 20213 min read


7 Different Types of Income Streams for Your Business
No matter what type of business you operate, you rely on having a predictable flow of income to keep your bills paid. If you only have a...
May 28, 20214 min read


Business owners: with a tightened labor market, be sure to invest in your valued employees
As a business owner with employees and the shortage in the labor market, we encourage your continued investment in your valued employees...
May 25, 20211 min read


How Biden’s Proposed American Families Plan Might Affect You
President Biden presented his proposed American Families Plan (AFP) during his Joint Session of Congress address on April 29, 2021. What...
May 25, 20216 min read


July15 is anticipated first expanded Child Tax Credit payment for families
The Internal Revenue Service and the U.S. Department of the Treasury announced recently that the first monthly payment of the expanded...
May 25, 20211 min read


Where's my refund?
IRS acknowledges it is taking longer to process refunds. However, they have a tool which will give you the status of your refund and...
May 25, 20211 min read


Congress Approves Round 3 of Stimulus Payments
The American Rescue Plan Act has passed and includes a third much-anticipated economic impact payment (EIP). This is one of several...
Mar 12, 20213 min read


New PPP benefits for Schedule C business owners
On March 3, SBA released the latest guidance, benefitting specifically Schedule C filers (NOT S corps or partnerships). Here it is, in a...
Mar 5, 20211 min read


Concerns about unused FSA balances? IRS offers expanded flexibility
The Internal Revenue Service has recently announced that, due to the pandemic, they would extend greater flexibility to employee benefit...
Mar 2, 20211 min read


Employee Retention Credit Extended
In order to help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid,...
Feb 28, 20214 min read


Mom & Pop Businesses Move to Front of the Line for PPP Loans
At the direction of the White House and effective on Wednesday, February 24, 2021, the SBA will establish a 14-day, exclusive PPP loan...
Feb 26, 20212 min read


Biden-Harris modifications to PPP program
Today, the Biden-Harris administration announced the following modifications to the PPP program: Institute a 14-day period, starting...
Feb 22, 20211 min read
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