Keep up with the latest news in the world of accounting and finance.
Is your business affected by the coronavirus (COVID-19)? Fortunately, the Families First Coronavirus Response Act recently became law. It includes […]
Congress is getting closer to passing another massive stimulus package to alleviate the challenges Americans are facing with the coronavirus […]
Taxpayers now have an extension of time to make certain tax payments, regardless of the amount, the IRS announced March […]
If you’re a C corporation owner, you probably know there’s a tax advantage to taking money out as compensation rather […]
Good records are the key to tax deductions. In one case, an independent insurance agent’s claims for a variety of […]
The IRS clarifies how recent changes affect an insured person’s basis in a life insurance contracts. Generally, the adjusted basis […]
The number of people engaged in the “gig” or sharing economy has grown in recent years. And there are tax […]
A slightly lower IRS mileage rate means smaller tax deductions for business miles in 2020. The optional standard mileage rate […]
Generally, amounts withdrawn from an individual retirement account before age 59-1/2 are subject to an additional 10% tax, unless an […]
If you save for retirement with an IRA or other plan, be aware there’s a new law that makes several […]
The end of the year is here, so it’s time to start planning for tax filing season. If you own […]
Here are a few key tax-related deadlines for businesses during Q1 of 2020. JAN. 31: File 2019 Forms W-2 with […]