Avoiding Travel Voucher Scams
Most travelers love a deal that extends their budget — whether it’s a cheap flight, discounted hotel room or all-inclusive package tour. Unfortunately, sophisticated scammers are only too happy […]
Home Mortgage Interest Deduction Rules
If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that
WOTC Extended Through 2020
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify […]
Don’t Get Shortchanged by a Liquidating Business
Several major companies have already filed for bankruptcy during the novel coronavirus (COVID-19) crisis and many more large and small businesses are expected to follow suit. Don’t […]
Economic Impact Payment Less Than You Expected?
Nearly everyone has heard about the Economic Impact Payment (EIP) that the federal government is sending to folks to help mitigate the effects of […]
PPP Loan Forgiven Expenses Aren’t Deductible
Did you know that PPP loan forgiven expenses aren’t deductible? The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a […]
Gig Economy Workers and Businesses Guidance on IRS Website
Earlier this year, the IRS has announced in IR 2020-4 that it had launched the Gig Economy Tax Center […]
Amending Returns for Retroactive COVID-19 Tax Relief
The $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) delivers meaningful tax relief to individuals and businesses. Some of that relief is retroactive, which […]
Best Practices for PPP Loan Forgiveness
Congratulations on receiving your Paycheck Protection Program (PPP) loan! We hope it provides much needed cash during these uncertain times. Now that you have the funds,
