Unique IRA Opportunities for 2020

Unique IRA Opportunities for 2020

As bad as it has been financially for many individuals, 2020 does provide some unique tax opportunities for those who have traditional IRA accounts. These range from converting traditional IRAs to Roth IRAs, retirees making larger-than-normal…
July 2020 Individual Due Dates

Notice: Don't Miss These Important IRS Due Dates in July

July 1 - Time for a Mid-Year Tax Check Up Time to review your 2020 year-to-date income and expenses to ensure estimated tax payments and withholding are adequate to avoid underpayment penalties or to determine if the estimated payments and/or…
Congress Liberalizes PPP Loan Forgiveness

Congress Liberalizes PPP Loan Forgiveness

,
If you are the owner of a small business that was able to obtain a Paycheck Projection Program (PPP) Loan, you have probably already started worrying about how you are supposed to spend the loan proceeds to maximize loan forgiveness. When…

The IRS Is Issuing Some Stimulus Payments by Debit Card; Some Are Being Mistaken as Junk Mail and Thrown Out

, ,
If you are like most Americans, you receive tons of junk mail, which you tend to discard without ever reading. Well, if you haven’t already received your stimulus payment from the feds, maybe you shouldn’t be so quick to throw away those…
Does Your Business Qualify for the Research Tax Credit?

Does Your Business Qualify for the Research Tax Credit?

, ,
For businesses, the tax code provides a tax credit of up to 20% of qualified expenditures to encourage businesses to develop, design or improve products, processes, techniques, formulas or software and similar activities. In the past, this credit—called…

IRS and Treasury Release the Latest State-By-State Economic Impact Payment Figures

IRS and Treasury Release the Latest State-By-State Economic Impact Payment Figures The Treasury Department and the IRS released updated state-by-state figures for Economic Impact Payments (EIPs) on May 22nd, reflecting the opening weeks…
Announcement from Isler NW

Important information for any business who has received a PPP loan - this will be of interest to you.

,
To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the Borrower) must complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan). Borrowers…
Couples and COVID-19: Here are 5 Ways to Work Together During the Pandemic to Protect Your Finances

Couples and COVID-19: Here are 5 Ways to Work Together During the Pandemic to Protect Your Finances

,
The coronavirus pandemic has changed our lives in many ways, and whether you’re thinking about the physical and social aspects or the financial aspects, there is no clear end in sight. The American economy has fallen to a dramatic degree,…
Big Tax Break for Adoptive Parents

Big Tax Break for Adoptive Parents

If you are an adoptive parent or are planning to adopt a child, you may qualify for a substantial income tax credit. The amount of the credit is based on the expenses incurred that are directly related to the adoption of a child under the age…

Tips to Keep Your Business Afloat During COVID-19

COVID-19 has had an unprecedented impact on all aspects of American businesses, but perhaps none have been as severely affected as small business owners. Surviving this disaster will require more than just time: you will need to take a pragmatic…