Pass on Wealth to Heirs Using These Strategies
Pass on Wealth to Heirs Using These Strategies Individuals with significant assets who want to transfer wealth to heirs tax-free, as well as minimize estate taxes, should take advantage of…
Loan Forgiveness Under the Paycheck Protection Plan
Loan Forgiveness Under the Paycheck Protection Plan As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law March 27, many small business owners were able…
PPP Loan Forgiveness Application
PPP Loan Forgiveness Application Last week, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. While the application is…
Additional Tax Deadlines Extended
Additional Tax Deadlines Extended As a reminder, taxpayers now have until July 15, 2020, to file and pay federal income taxes originally due on April 15 and no late-filing penalty,…
Employee Retention Credit Could Help Your Business
Employee Retention Credit Could Help Your Business Businesses that have been impacted financially by COVID-19 may be able to take advantage of a new, refundable tax credit called the Employee…
Job Loss Could Affect Your Tax Situation
Job Loss Could Affect Your Tax Situation If you’ve lost your job you may have questions about how it could affect your tax situation. Here are some answers: Q: I…
Relief for Businesses with Net Operating Losses
Relief for Businesses with Net Operating Losses Taxpayers with net operating losses (NOLs) form a business are provided tax relief under the CARES Act. Tax relief for partnerships filing amended…