The fourth estimated tax payment deadline for 2020 is coming up. Here are the details of when it is and whether you’re required to make a payment.
The Consolidated Appropriations Act brings COVID-19 relief (and more) to individuals
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
2021 Q1 tax calendar: Key deadlines for businesses and other employers
Businesses face a variety of tax-related deadlines in the first quarter of 2021. Here are some of them.
Congress passes COVID-19 aid package containing billions in funding and tax breaks
Learn about the key tax provisions for individuals and businesses included in the Consolidated Appropriations Act of 2021.
The QBI deduction basics and a year-end tax tip that might help you qualify
Some taxpayers may be able to achieve significant savings with the QBI deduction by taking certain steps at year end.
The importance of S corporation basis and distribution elections
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.
An Overview of Cash-Flow Planning Opportunities in the CARES Act
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).
Consider reevaluating your tax plans based on the outcome of the presidential election
What tweaks might be needed to your year-end tax planning now that the presidential election is over?
Do you want to withdraw cash from your closely held corporation at a low tax cost?
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.