Food and financial insecurity have increased during the coronavirus (COVID-19) pandemic. If your business is donating to charity to help ease the pain, you may be eligible for enhanced charitable donation deductions.
The CARES Act liberalizes net operating losses
The CARES Act includes favorable changes to the rules for deducting net operating losses (NOLs). Here’s how.
Hiring independent contractors? Make sure they’re properly classified
During these tough times, your business may be saving money by using independent contractors, rather than hiring employees. Make sure to follow all the rules or you could hear from the IRS.
New COVID-19 law makes favorable changes to “qualified improvement property”
A drafting error by Congress meant that some improvements to interior parts of nonresidential buildings had to be deducted over 39 years. But a new law that provides COVID-19 relief fixes the error and may result in revenue for eligible businesses.
Relief from not making employment tax deposits due to COVID-19 tax credits
The coronavirus (COVID-19) crisis has resulted in unprecedented challenges for employers. Here are the details of some relief from the federal government.
Answers to questions about the CARES Act employee retention tax credit
As a business with employees, you may have questions about the new employee retention tax credit. Here are some answers.
The new COVID-19 law provides businesses with more relief
Another coronavirus (COVID-19) law has been enacted and it provides some relief to businesses and employers that are suffering. This article provides some highlights.
Coronavirus (COVID-19): Tax relief for small businesses
In response to the coronavirus (COVID-19), Congress and the IRS have recently provided tax relief to businesses. Here’s a brief rundown.
Determine a reasonable salary for a corporate business owner
When it comes to executive compensation, C corporation owners need to keep it “reasonable.” Here’s why