An Update on the 2020 Tax Season
(UPDATE: The IRS just announced that the tax deadline will be delayed until May 15th. More on this to come.) The passage of the American Rescue Plan Act of…
(UPDATE: The IRS just announced that the tax deadline will be delayed until May 15th. More on this to come.) The passage of the American Rescue Plan Act of…
An important aspect of tax compliance for business owners is the requirement to file a 1099 for certain payments made during the normal course of business. If you are a business owner,…
Thanks to legislation signed into law late in 2020, the latest round of Economic Impact Payments (EIP) (also known as “stimulus payments”) started going out on December 29, with an…
Owning your own business can provide opportunities to reduce taxes that you might not necessarily have as an employee, and the best place to start is to convert personal expenses…
On August 8, 2020, President Trump signed an Executive Memorandum that entitled employers to defer the withholding, deposit, and payment of employees’ portion of Social Security tax for beginning on…
Did you mail a check, tax return, or letter to the IRS sometime during the COVID-19 pandemic? If you did, it may be sitting in a pile of unopened mail…
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