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2020 – 11/30 – Small businesses: Cash in on depreciation tax savers

Small Business
  • 2020 – 11/30 – Small businesses: Cash in on depreciation tax savers

    The Section 179 deduction provides a tax benefit to businesses, enabling them to claim immediate deductions for qualified assets, instead […]

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  • 2020 – 11/20

    The IRS has provided a safe harbor for deducting expenses if a Paycheck Protection Program (PPP) loan isn’t forgiven. The […]

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  • 2020 – 11/05

    Interim final regulations are issued on the requirement that employer health plans provide COVID-19 services. These provisions shorten the time […]

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  • 2020 – 09/14 – 2020 Q4 tax calendar: Key deadlines for businesses and other employers

    Here are a few key tax-related deadlines for businesses and other employers during Quarter 4 of 2020. OCT. 15: If […]

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  • 2020 – 07/07

    The net operating loss (NOL) deduction is currently: 1) the total of the NOLs arising before 1/1/18 that are carried […]

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  • 2020 – 07/06

    On July 4, President Trump signed a bill that gives businesses more time to seek federally backed loans. It extends […]

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  • 2020 – 06/25

    The IRS has issued final regulations regarding the qualified business income (QBI) deduction. The regs provide guidance on the treatment […]

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  • 2020 – 06/24

    Generally, taxpayers who take distributions from tax-favored retirement accounts before age 59½ must pay a 10% tax penalty. They must […]

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  • 2020 – 06/23 – What qualifies as a “coronavirus-related distribution” from a retirement plan?

    The CARES Act allows qualified people to take “coronavirus-related distributions” from retirement plans without paying tax. So how do you […]

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  • 2020 – 06/19

    The Small Business Administration (SBA) continues to help businesses recover from the effects of the COVID-19 crisis. Taxpayers can apply […]

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  • 2020 – 06/16

    Valuable tax credits are available to employers to help mitigate the effects of the COVID-19 pandemic. But amid the chaos […]

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  • 2020 – 06/04

    On June 4, the U.S. Senate passed the Paycheck Protection Program (PPP) Flexibility Act of 2020. The president is expected […]

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  • 2020 – 06/02

    The IRS has issued FAQs for C corporations that are interested in carrying back net operating losses (NOLs) to years […]

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  • 2020 – 06/01

    The IRS has postponed deadlines for time-sensitive actions with respect to certain employment taxes, employee benefit plans, exempt organizations, IRAs, […]

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  • 2020 – 05/29

    In new guidance, the IRS has provided more coronavirus (COVID-19) deadline relief for employment taxes, employee benefit plan and other […]

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  • 2021 – 12/20 – 2022 Q1 tax calendar: Key deadlines for businesses and other employers

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