Working from Home? Is there a Tax Deduction?
It’s been a year, and we’re still working from home! Thanks coronavirus. Can I qualify for a special tax deduction for using my home as a workplace?
Coronavirus related posts
Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage
The recently passed American Rescue Plan Act includes a provision for the federal government to pick up the cost of COBRA health coverage for employees’ involuntary termination of their employment or reduction of hours subject to certain qualifications.
American Rescue Plan Act: Stimulus Payments Approved
As one of several government measures intended to help financially stressed citizens, a third, much-anticipated economic impact payment (EIP) was approved by Congress.
Tax Consequences of PPP Loans
If you are a small-business owner, chances are you have heard of and dealt with the headaches surrounding the Paycheck Protection Program, deferral of payroll taxes, and remote working. Tax and Business Consultant Emily Rubenstein, CPA, shares the tax consequences some small-business owners may face in this Small Business Minute. This article is for demonstrative…
Employee Retention Credit Extended
To help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Employee Retention Credit for 2020. As part of the Consolidated Appropriations Act, 2021 (CCA), the credit has been extended through June 2021.
5 Coronavirus Tax Tips for Your 2020 Return
The 2020 tax season has some new challenges for taxpayers stemming from Coronavirus pandemic. In this episode of Henssler Financial’s Planning Priorities, Tax Consultant Jessie Thomas, CPA, provides, five tips to help as you prepare to file your returns.
Interaction between PPP Loans and the Employee Retention Credit
The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC).
4 Tips to Help Avoid Burnout While Working from Home
Many companies have transitioned to having a majority of their employees work from home. Even when the pandemic eventually subsides, working remotely may be here to stay.
4 Tips to Help Control Your Finances During the Pandemic
The coronavirus pandemic has strained the finances of many U.S. households. During these times of financial turmoil and stress, it’s more important than ever to take control of your financial situation. Here are some tips to get started.
COVID-19 and the Importance of Disability Income Insurance
The COVID-19 pandemic has increased the chances of getting sick and not being able to work for an extended period, making disability income insurance (DI) more important than ever, regardless of your age.