Oh, no, your original will is missing!

Oh, no, your original will is missing! In a world that’s increasingly paperless, you’re likely becoming accustomed to conducting a variety of transactions digitally. But when it comes to your last will and testament, only an original, signed document will…

Will You Have to Pay Tax on Your Social Security Benefits?

Will You Have to Pay Tax on Your Social Security Benefits? If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will you have to pay? It…

CARES Act made changes to excess business losses

CARES Act made changes to excess business losses The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may be opportunities for some businesses to file…

What happens if an individual can’t pay taxes

What happens if an individual can’t pay taxes While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you (or someone you know) can’t pay taxes on time? Here’s a look…

The President’s action to defer payroll taxes: What does it mean for your business?

The President’s action to defer payroll taxes: What does it mean for your business? On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These actions…

More parents may owe “nanny tax” this year, due to COVID-19

More parents may owe “nanny tax” this year, due to COVID-19 In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed. This may result in federal “nanny tax” obligations. Keep…

The possible tax consequences of PPP loans

The possible tax consequences of PPP loans If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications. PPP basics…

Because of COVID-19, college-aged children need a basic estate plan

Because of COVID-19, college-aged children need a basic estate plan It’s August, and that means it’s time to get ready to go back to school for many students. If your child recently graduated from high school and is heading to…