President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll and retirement provisions. Here are some of the provisions most likely to affect individual…more
Businesses face a variety of tax-related deadlines in the first quarter of 2021. Here are some of them.
Learn about the key tax provisions for individuals and businesses included in the Consolidated Appropriations Act of 2021.
Some taxpayers may be able to achieve significant savings with the QBI deduction by taking certain steps at year end.
Do you operate your business as an S corporation? Be aware that several elections are available to an S corp. or its shareholders that can affect the basis adjustments caused by distributions and other events.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act’s many provisions provide emergency relief for businesses suffering financial hardships due to COVID-19. The most widely publicized provision has been the Paycheck Protection Program Loan (PPP Loan).
What tweaks might be needed to your year-end tax planning now that the presidential election is over?
Are you the owner of a closely held corporation and want to take cash out? For tax purposes, you probably want to avoid a dividend distribution. Here are some alternatives.
There are a number of tax obligations that must be met when a business closes its doors. Sadly, because of COVID-19, many businesses are facing this reality. Here are the basic requirements.