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Back to School Tax Breaks
Fall is back-to-school time for both children and adults. While schools are figuring out how to open and operate during COVID-19, businesses and employees may ... -
Why You’re Going to Need More Cash in 2021 for Taxes
This year has been a very difficult one for small business owners. Some tax rules have made it a little easier to defer some taxes ... -
Borrowing for Your Business: Financial and Tax Implications
As many small businesses struggle to survive the pandemic, loans have become a lifeline. If you need money and are able to borrow it, be ... -
The Right Way to Run an Accountable Plan
An accountable plan is an arrangement between employers and employees where the company reimburses employees for specified business expenses. If done right, the plan is ... -
Aborted Business Activities: Tax Results of Failure
You may give it “the old college try” but fail. Not all ideas work out well. Not every effort succeeds. During this pandemic, unfortunately there ... -
Taxes in 2020: The Year That Never Was
This year will forever be remembered for the pandemic and what it’s done to the lives and livelihoods of so many people. From a tax ... -
Working from Home Due to COVID-19: Tax Implications
If you are self-employed and conduct business from home, you may be eligible to take a home office deduction. There are strict tax rules governing ... -
What to Know about Tax Losses Due to COVID-19
Many small businesses likely will have losses for 2020. After the COVID-19 subsides, there may be some bounce back in business, but it probably won’t ... -
Additional Supplement for Coronavirus-Related Tax Changes
Additional Supplement to J.K. Lasser’s Your Income Tax 2020; J.K. Lasser’s Small Business Taxes 2020; and J.K. Lasser’s 1001 Deductions and Tax Breaks 2020 The ... -
The CARES Act: What’s in It for You
This blog is solely focused on what the CARES Act provides for small businesses. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was ...
