So many things may change if and when Joe Biden becomes President.
We know there are people saying…
1) It’s unknown
2) It’s contested
3) Biden won
Either way, what do you do before the end of this year?
If … Read More
So how do you do tax planning without knowing what the tax law will be next year?
We know the current situation, and we know if the outcome goes one way, we could be seeing changes across:
● … Read More
The IRS has apparently caught up on processing their backlogged mail that stacked up during COVID closures. Or, well enough, they say.
That means that they are now resuming the mailings of tax-due notices to taxpayers with outstanding tax bills. … Read More
You might have seen some rumors on this already, but I wanted to help make everything clear for you…
A few weeks back I told you that there were some tax professional rumors circulating about “automatic forgiveness” for PPP loans … Read More
Floating under the radar during so much NOISE the past couple weeks … the CDC announced a halt to evictions for residential renters, and that starts THIS WEEK.
First of all, the authority the CDC cites to establish this rule … Read More
You may have already heard about the multi-billion-dollar legal settlement if you accepted credit cards from 2004-2019.
Here’s the warning: you do NOT need a lawyer to claim your part of this settlement. But there are lawyers now advertising to … Read More
Cash flow has always been the lifeblood of any business. With COVID cases raging in some states and creeping upwards in our region, it is clear the pandemic will be with us for the foreseeable future. Whether your business remains … Read More
The IRS has clarified that if your loan money is forgiven, it won’t be considered taxable income. BUT, nor will it be eligible for tax deductions, even though you likely used it for expenses that normally would be … Read More
While the deadline gives everyone some breathing room, there are several different permutations that will be calculated to determine the best way for you to file for forgiveness. And there will be a flood of applicants at the end of … Read More