Finally, The COVID Relief Package Is Law. What Does That Mean for You?
Now that the COVID-relief package is law, we have details. This article provides an overview of the many tax provisions included in the legislation,
Mortgage Insurance Premium Deduction Retroactively Extended
This mortgage insurance premium deduction has been retroactively extended back to 2018 and through 2020. Consider amending your 2018 return for a refund.
IRS Releases Final Version of Form 941-X Related to COVID-19 Relief
The IRS significantly revised Form 941-X. This form allows for adjustments and corrections to COVID-19 tax relief on previously filed Forms 941
Preparing for 2021: Tax Planning Strategies for Small Business Owners
If you are a small business owner, every penny counts. So, you not only want to optimize your revenue but also minimize your expenses and your tax liability
The Solar Credit is Sunsetting Soon--Should You Take Advantage Now?
The solar credit is fading away. After being 30% of the cost for many years through 2019, the credit drops to 26% in 2020. In 2021, it drops again to 22%.
Tax-Planning Opportunities for Year-end That You Should Not Miss
2020 has more than the usual tax-planning opportunities. Schedule a tax-planning appointment before year-end to enjoy tax benefits and strategies for 2020.
Did you Know That the Social Security Wage Base Is Increasing in 2021?
Is your business planning payroll next year? Be aware that the Social Security wage base is increasing. The max earnings subject to SS tax will increase.