COVID-19 Relief Law: Provisions Benefiting Individuals
The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here are some […]
CAA Doubles Meal Deductions and Makes Favorable PPP Loan Changes
The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic. It also contains numerous […]
Business Meals Provided by Restaurants Deductible in 2021-2022
The recent stimulus legislation, the Consolidated Appropriations Act of 2021, (CAA 2021) included a provision that removes the 50% limit on deducting business meals provided […]
The Holidays are the Season for Charity Fraud
Americans generally feel generous during the holidays and usually are eager to donate to worthy charitable causes. At the same time, they’re so busy […]
Maximize Your 401(k) Plan to Save for Retirement
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, […]
Qualifying for a Medical Expense Tax Deduction
You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, the rules make qualifying for a medical […]
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 business equipment and […]
Avoid Wash Sales If Selling Stock by Year-End
Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? If so, it’s important to avoid […]
Tax Breaks When Buying a Heavy SUV for Business
Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in mind.
No Deduction in California for Expenditures Paid with Forgiven PPP Funds
With the prospect that ordinarily tax deductible business expenses will still be deductible if they were paid for with forgiven PPP loan funds contained in the Coronavirus […]
