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Which Start-Up Costs Are Deductible for Federal Tax Purposes
Many people started businesses in 2020, and many others plan to launch new ventures in 2021. Entrepreneurs often have questions about whether...
You May Be Eligible for COVID-Related Tax Breaks for 2020 if you are Self-Employed
If you’re self-employed as a sole proprietor, partner, or limited liability company (LLC) member, COVID-relief legislation passed in 2020 included...
COVID-19 Relief: An Overview of the New American Rescue Plan Act
On Thursday of last week, President Joe Biden signed the $1.9 trillion coronavirus relief package, entitled the New American Rescue Plan Act, into...
The 2021 Income Tax Filing Deadline has been Extended to May 17, 2021
The IRS and the U.S. Department of Treasury announced yesterday that the 2021 income tax filing deadline has been extended from April 15, 2021, to...
Your New Electric Vehicle is a Tax Break
Are you in the market for a new vehicle? If you jump on the electric vehicle bandwagon, you might be eligible for a sizable federal income tax...
How Your Nonprofit Can Act on 2021’s Biggest Trends
What can not-for-profit organizations expect in 2021 and beyond? One recent report, "11 Trends in Philanthropy for 2021," offers some answers....
How to Fully Deduct Business-Related Meals
Restaurants have struggled mightily during the COVID-19 pandemic. Thankfully, they’re specifically targeted for a new tax relief measure found in...
Small Business Tax Returns: Issues for PPP Loan Recipients
Small business tax returns for those who took advantage of the Payroll Protection Program (PPP) are facing a challenge for the 2020 tax year....
PPP Changes Provide Greater Access for Smallest Businesses
The Biden Administration announced changes to the Paycheck Protection Program (PPP) to increase lending to smaller businesses and help ensure...
