small business tax
CARES Act Made Changes to Excess Business Losses
The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess [...]
File Cash Transaction Reports for Your Business — on Paper or Electronically
Does your business receive large amounts of cash or cash equivalents? You may [...]
The Possible Tax Consequences of PPP Loans
If your business was fortunate enough to get a Paycheck Protection Program (PPP) [...]
Business Charitable Contribution Rules Have Changed Under the CARES Act
In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in [...]
Fortunate Enough to Get a PPP loan? Forgiven Expenses Aren’t Deductible
The IRS has issued guidance clarifying that certain deductions aren’t allowed if a [...]
IRS Releases 2021 Amounts for Health Savings Accounts
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). [...]
New COVID-19 Law Makes Favorable Changes to “Qualified Improvement Property”
The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial [...]
Hiring Independent Contractors? Make Sure They’re Properly Classified
As a result of the coronavirus (COVID-19) crisis, your business may be using [...]
Determine a Reasonable Salary for a Corporate Business Owner
If you’re the owner of an incorporated business, you probably know that there’s [...]
Coronavirus (COVID-19): Tax Relief for Small Businesses
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress [...]