Not All Audits Are Bad

What’s the first thing you think of when you hear the word “audit”? You probably think of people from the IRS showing up to take your money.But there is another kind of audit, and it is one that can actually help you make money in your business. This is the process of getting an audited [&hell...   Read More

ENHANCED EMPLOYER RETENTION TAX CREDITS NOW AVAILABLE

ENHANCED EMPLOYER RETENTION TAX CREDITS NOW AVAILABLE

If your business was either fully or partially shut down due to a governmental order or  your business has experienced a significant decrease in revenue, you may be eligible to apply for the newly enhanced employer retention tax credit. The recently enacted Consolidated Appropriations Act of 20...   Read More

5 Ways To Control Your Spending in 2021

Like the rest of us, you work extremely hard for your money. Also, like the rest of us, you have some pretty important financial goals you want to achieve, whether that’s increasing your savings rate, building an adequate emergency fund, buying your first home, or retiring by the age of 60. Your f...   Read More

COVID-19 Relief Bill & Key PPP Issues

COVID-19 Relief Bill & Key PPP Issues

The U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID-19 relief bill Monday night that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides more than $300 billion in aid for small businesses. The legisla...   Read More

Who Gets the Qualified Business Income Deduction?

As some of you may know, the Tax Cuts and Jobs Act (TCJA) introduced a 20-percent qualified business income deduction provision, which potentially benefits all taxpayers except C corporations. For clients who are S corporation shareholders, partners and sole proprietors, they may also benefit a...   Read More