Top 10 year-end tax planning tips

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From Accounting Today Between the upcoming presidential election and the COVID-19 pandemic and its attendant stimulus packages, this year has seen more than its share of uncertainty around tax — which makes helping clients…

IRS Provides Tax Relief for Victims of Oregon Wildfires

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From the Oregon Society of Certified Public Accountants WASHINGTON — Victims of the Oregon wildfires and straight-line winds that began on Sept. 7 now have until Jan. 15, 2021 to file various individual and business tax returns…

October’s Extended Due Date Is Fast Approaching

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Article Highlights:  October 15 extended due date for filing federal individual tax returns for 2019. Late-filing penalty. Interest on tax due. Other October 15 deadlines. Because of the COVID-19 pandemic emergency, the IRS…

Individuals Have a New Opportunity to Receive $500 Economic Impact Payments for Their Children

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Article Highlights:   $500 Per Child Stimulus Payment Non-Filer Tool Those Who Have Already Used the Non-Filer Tool Those Who Haven’t Used Non-Filer Tool How Payment Will be Made Get My Payment Tool Non-Filers The…

How States are Reshaping Nexus Laws for Remote Employees Due to COVID-19

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Ever since the coronavirus pandemic began impacting the United States, businesses around the country have responded by instituting work-from-home policies. While it is unclear how much longer the nation will be in the grips of the crisis, social…

PPP Interim Final Ruling Summary

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 To our valued clients:  The US Small Business Administration and Treasury recently issued an interim final rule clarifying Paycheck Protection Program forgiveness issues surrounding owner-employee compensation and the eligibility of rent…

Wealth Transition and Succession Planning: Best Practices for Businesses During COVID-19

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Regardless of the type of business you're running, it's safe to say that you've likely already been impacted by the ongoing COVID-19 pandemic that is making its way across the globe. With no complete end to the situation in sight, many have…

IRS Extends the Opportunity to Defer Capital Gains

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IRS Extends the Opportunity to Defer Capital Gains Article Highlights: Tax Benefits Investment Period Qualified Opportunity Zone Funds Qualified Opportunity Zones Deferral Period 10 Year Election As part of tax reform…
Trump-v-Biden-on-Tax-Plans

Compare the Potential Tax Plans of Trump v. Biden

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As the November elections approach, you might want to know what the two front-running presidential candidates’ tax plans for the future are. The following is an overview of their positions, at least what is known now. However, the political…

We're Officially in a Recession, So Make These 5 Money Moves Now

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It has been more than ten years since the United States’ economy has gone through a recession, and when the National Bureau of Economic Research announced in June that we have officially entered another, it hit many Americans like a body blow.   The…