Research & Development Expenses Now Face Delayed Deductibility for 2022 Tax Returns
January 25, 2023 The Tax Cuts and Jobs Act (TCJA) was signed into law on December 2017, which amended the rules around the...
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Is it Time to Convert to a Roth IRA?
November 10, 2022 An Individual Retirement Account (IRA) can come in two formats, a Traditional IRA, and a Roth IRA. In simple terms, a...
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Keep an eye out for new IRS letters!
December 23, 2021 The Internal Revenue Service has announced it will begin sending out informational letters to the recipients of the...
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What is the Employee Retention Credit?
July 28, 2021 2020 Credit Rules The Coronavirus Aid, Relief and Economic Security (CARES) Act signed in March 2020 created a new Employee...
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Watch Out for Major Tax Law Changes - the American Families Plan
April 29, 2021 President Biden plans on increasing the top individual income tax rate and the capital gains tax rate, taxing carried...
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The Second Wave of EIDL Grants are Here!
February 04, 2021 The SBA has recently released another round of Economic Injury Disaster Loan (EIDL) Advances – called the Targeted EIDL...
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How to Deduct Eating Out... A Little Known Part of the Consolidated Appropriations Act
January 13, 2021 Business meals generally are only 50% tax deductible, and have very tight restrictions around documentation of the meal,...
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Charitable Giving - New Rules
January 12, 2021 The CARES Act has enacted several temporary provisions to improve the income tax benefits of charitable giving. The...
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Are You Eligible for a $600 Stimulus Check?
January 08, 2021 With the release of a second stimulus bill (Consolidated Appropriations Act), follows another set of requirements for...
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