African American man in antiviral mask gesturing thumb up during coronavirus vaccination, approving of covid-19 immunization. Young doctor giving vaccine injection to male patient

Employers are incentivizing employees to get COVID-19 vaccinations

People are wondering whether employers can mandate that employees get vaccinated against COVID-19. The short answer is, generally, yes — with exceptions.
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Penalty Notice sign

More Relief from Failure-to-Deposit Employment Tax Penalties

An employer would typically be penalized for failing to deposit federal employment tax. Examples include deposits of withheld income taxes and FICA taxes.
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SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000

SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000

An expansion of the COVID-19 EIDL program is having big impacts. Nonprofits and small businesses may now borrow up to $500,000 for up to 24 months.
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Tax Court Decision Holds Potential Impact for Travel Deductions

Tax Court Decision Holds Potential Impact for Travel Deductions

Many professions require extensive travel and time in paid lodging.Traditionally, taxpayers claim these as travel deductions. However, new rules are coming.
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Tax Advantages of Hiring Your Child at Your Small Business

Tax Advantages of Hiring Your Child at Your Small Business

Did you know that you can save family income and payroll taxes by putting your child on the payroll? If you own a small business, read on!
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Are SIMPLE and SEP Plans the Right Options for Your Small Business?

Are SIMPLE and SEP Plans the Right Options for Your Small Business?

Are you thinking about setting up a retirement plan for yourself and your employees? Two options to consider are the SEP or the SIMPLE.
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Switching Entities: Should You Convert from a C to an S Corporation?

Switching Entities: Should You Convert from a C to an S Corporation?

An S corporation can provide substantial tax benefits over a C corporation at times. However, costly tax issues may exist that you should assess.
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Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage

Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage

The ARPA includes a provision for the federal government to pick up the cost of COBRA health coverage. Read on to learn more about this program.
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