Insights
COVID-19 Relief bill:Consolidated Appropriations Act, 2021
On December 21, 2020, U.S. Senate and House of Representatives passed a $900 billion COVID-19 ...
2020 COVID relief bill provisions affecting individual taxpayers
Here is an overview of key provisions in the recent COVID relief legislation that affect individuals. ...
Drive more savings to your business with the heavy SUV tax break
Are you considering replacing a car that you're using in your business? There are several tax ...
Small businesses: Cash in on depreciation tax savers
As we approach the end of the year, it's a good time to think about whether your business needs to buy ...
The importance of S corporation basis and distribution elections
S corporations can provide tax advantages over C corporations in the right circumstances. This is true ...
Health Savings Accounts for your small business
Small business owners are well aware of the increasing cost of employee health care benefits. As a ...
Tax responsibilities if your business is closing amid the pandemic
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, ...
New business’ It’s a good time to start a retirement plan
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself ...
The 2021 “Social Security wage base” is increasing
If your small business is planning for payroll next year, be aware that the "Social Security wage base" ...
Understanding the passive activity loss rules
Are you wondering if the passive activity loss rules affect business ventures you're engaged in, or ...
The easiest way to survive an IRS audit is to get ready in advance
IRS audit rates are historically low, according to the latest data, but that's little consolation if ...
Business website costs: How to handle them for tax purposes
The business use of websites is widespread. But surprisingly, the IRS hasn't yet issued formal guidance ...
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