Does Your Business Qualify for the Research Tax Credit?
The purpose of this credit is to reward businesses that pursue innovation by continually increasing investment in research activities.
Congress Liberalizes PPP Loan Forgiveness
Congress passed the Paycheck Protection Program Flexibility Act (PPPFA) of 2020, which makes substantial changes to PPP Loans.
Unraveling the Economic Impact Payment Confusion
Was your economic impact payment more or less than you expected? We explain why and what happens if you received more than you should have.
Stimulus Payments Being Mistaken as Junk Mail
Around 4 million individuals were sent stimulus payments on a Visa debit card, which some threw away thinking it was junk mail.
Tax Effects of a Business Making a Charitable Contribution
In this current time of need, many charitable organizations are seeking contributions to help the greater good. We explain why that contribution should come from your bank account and not your business.
Paycheck Protection Program Flexibility Act Becomes Law
Let the changes begin! As we have mentioned in previous articles, there would be guidance on the CARES Act related to the forgiveness of Paycheck Protection Program (PPP) loans. Buckle up, as the changes are now here. The Paycheck Protection Flexibility Act was introduced by the House on May 26 and was approved by the…
Drug and Alcohol Addiction Treatments May Be Tax Deductible
Generally, drug and alcohol addiction treatment expenses are tax deductible as itemized deduction medical expenses.
Minimizing the Tax Burden of an Inherited IRA
Our Financial Planning Experts tackle a listener’s concerns about passing a tax burden to his children with an inherited IRA.
2019 IRA Contribution Deadline Has Been Extended
You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2019 ($7,000 if you were age 50 or older on December 31, 2019).
Businesses Score Big with these 3 Tax Benefits in the CARES Act
As part of the stimulus package to help offset the financial damage inflicted on businesses as a result of the COVID-19 crisis, rolled out some big tax benefits.