11.26.20
The Importance of S Corporation Basis and Distribution Elections
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses…
11.25.20
‘Tis The Season for Charity — and Charity Fraud
Americans generally feel generous during the holidays and usually are eager to donate to worthy charitable causes. At the same time, they’re so busy and…
11.24.20
IRS Confirms the Non-Deductibility of PPP Loan Related Expenses
In April, the Internal Revenue Service (IRS) released Notice 2020-32 to address the deductibility of certain expenses relating to the Paycheck Protection Program (PPP). Ordinarily,…
11.17.20
Consider Reevaluating Your Tax Plans Based on the Outcome of the Presidential Election
Now that Joe Biden has been projected as the winner of the presidential election by major news outlets*, you may wonder if your federal taxes…
11.10.20
Be Aware: Telecommuting During COVID-19 Can Trigger State Nexus
It’s no secret that the sudden shut-down of businesses across the country in response to the COVID-19 pandemic resulted in a dramatic increase in the…
11.9.20
Is Your Business Vulnerable to Identity Theft?
According to data company Dun & Bradstreet, business identity theft increased more than 250% in the first half of 2020. You can thank the pandemic…
11.2.20
Tax Responsibilities if Your Business is Closing Amid the Pandemic
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we are here to assist you in any way…
10.26.20
New Business? It’s a Good Time to Start a Retirement Plan
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees. There are several types…
10.8.20
Is It Time for a Cost Segregation Study?
Because of the economic impact of the COVID-19 crisis, many companies may want to conserve cash and not buy much equipment this year. As a…
10.7.20
Beware of “Wash Sales” When Selling Securities
If you’re planning to sell capital assets at a loss to offset gains that have been realized during the year, it’s important to beware of…