American Rescue Plan Act: Stimulus Payments Approved
As one of several government measures intended to help financially stressed citizens, a third, much-anticipated economic impact payment (EIP) was approved by Congress.
What to Do if You Receive an Incorrect 1099-G
We explain what to do if you received a 1099-G for unemployment benefits you didn’t receive.
What Is a Joint Venture?
When multiple business entities make a decision to start a new business together as a cooperative arrangement, they form what is known as a joint venture. In creating a joint venture, each of the involved entities agrees to what assets they will contribute, how they are going to distribute income and share expenses, and how the new entity will move forward.
Solar Tax Credit Extended for Two Years
Thinking about going solar? There’s a lot to consider before making the final decision. Is it worth it, and is it the right financial move for you?
Tax Consequences of PPP Loans
If you are a small-business owner, chances are you have heard of and dealt with the headaches surrounding the Paycheck Protection Program, deferral of payroll taxes, and remote working. Tax and Business Consultant Emily Rubenstein, CPA, shares the tax consequences some small-business owners may face in this Small Business Minute. This article is for demonstrative…
Interaction between PPP Loans and the Employee Retention Credit
The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC).
20+ Obscure and Overlooked Tax Deductions, Credits, and Benefits
As tax time approaches, we list out 20+ tax issues that taxpayers frequently overlook, ranging from obscure deductions to overlooked tax credits and benefits.
Tax Implications of Day Trading
Are you a day trader? In addition to being highly risky, there are tax implications!
Are You Ready for Tax Season?
Tax time is right around the corner — Are you prepared? We outline where to begin, what’s new for 2020, and which transactions deserve extra attention.
Increased Business Meal Deductions for 2021 and 2022
For 2021 and 2022 only, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 allows businesses to deduct 100% of business meal expenses.