February 10, 2021

4 Questions Business Owners Should Consider During the 2020 Tax Season

As if 2020 wasn’t challenging enough, this season’s tax-filing is going to be even more complicated than usual. Though the CARES Act and the Paycheck Protection […]
February 10, 2021

Should You Charge Late Fees? Quickbooks Can Help

Do you have a lot of aging receivables? Assessing finance charges can speed up customer payments. Have your customers been submitting payments later than usual these […]
February 3, 2021

Tax Time is Around the Corner! Are You Ready?

Tax time is just around the corner, and if you are like most taxpayers, you are probably facing the ominous chore of compiling records in preparation […]
January 27, 2021

IRS Offers New Identity Protection for Taxpayers

In the past, the IRS has assigned verification numbers to victims of identity theft to file their tax returns, if requested by the victimized individual. These […]
January 27, 2021

How Biden’s Rescue Plan Might Impact Your Taxes

President Biden released his “American Rescue Plan” on January 14th, 2021. The list consists of proposals he wants Congress to enact to address the COVID-19 pandemic […]
January 22, 2021

Congress Has Authorized the Second Round of PPP Loans

Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is the second draw of forgivable Paycheck Protection Program […]
January 20, 2021

2021 Standard Mileage Rates Announced

The Internal Revenue Service (IRS), each year, computes standard mileage rates for the use of a vehicle for business, medical and moving purposes based on a […]
January 20, 2021

Charitable Contributions Deduction Liberalized for 2021

As a means to stimulate charitable contributions during the COVID crisis, Congress made two notable changes for 2020—one allowing taxpayers that don’t itemize their deductions an […]
January 12, 2021

The Consolidated Appropriations Act Opens the Employee Retention Credit up to PPP Borrowers!!

While all of us would rather forget and put 2020 behind us, the recent Act signed by the president made some retroactive changes to some of […]