-
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 ... -
IRS-Provided Tax Relief Related to the Coronavirus
ALERT: Updated as of April 10, 2020 -- see IR-2020-66 at IRS.gov In an ongoing series of moves, the IRS and Congress are working to ... -
Understanding Corporate Taxes
With the dramatic cut in the corporate tax rate to 21% by the Tax Cuts and Jobs Act, there’s been some increased interest in operating ... -
5 Other Tax Actions Prompted by Filing Your Return
NOTE: The due dates have been updated since the original publishing date. The April 15 due date for individuals and corporations is now July 15, ... -
Wage Withholding: Mandatory and Voluntary Reasons
As an employer, you are required to withhold from an employee’s paycheck federal (and where applicable, state) income taxes, as well as the employee’s share ... -
Amended Business Income Tax Return Opportunities Now
If you’re owed a tax refund related to a tax return filed for a previous year, the IRS isn’t going to automatically send it to ...