President Biden Extends PPP Loan Application Deadline
On Tuesday, President Biden signed an extension of the Paycheck Protection Program (PPP). The program was set to expire on March 31st. It...
Tax Reminder: COVID-19 Inspired Legislation and IRA Distributions.
As a result of the Coronavirus Pandemic, Congress passed a number of laws to provide the economy and individuals with as much aid and...
It's all Fun and Games Until Taxes are Due
While March Madness brackets may be virtual, taxes on winnings are still real. Placing a bet of any kind (yes, even the office pool) is...
Benefits of Discussing your Estate Plan with your Children
Discussing your estate plan with your child can be a unique opportunity to not only connect with them but to ensure that your wishes are...
Cryptocurrency transactions on your 2020 tax return
Yes, you must report your cryptocurrency transactions on your 2020 tax return. The IRS seems to be more concerned with income and capital...
Small Businesses with 20 employees or less are being prioritized for PPP loans starting February 24
The Biden administration made changes to the pandemic aid program aiming to help the smallest of businesses, sole proprietors, and...
SBA Announces Changes to How PPP Loans Are Calculated for Self Employed
This week, the SBA decided to make important changes in calculating the amount of PPP funds that a self-employed worker, such as a sole...
Your gambling losses may be tax deductible.
If you itemize your deductions on Schedule A and keep a record of your gambling winnings and losses, you may be able to deduct your...
Home Office Deduction: What You Need to Know About Working From Home
2020 was a long year that was full of unprecedented changes. Considering tax season, those changes may lead you to wonder how your taxes...
Don’t Miss Out on Claiming the Earned Income Tax Credit
The Earned Income Tax Credit (EITC) is a refundable tax credit given to taxpayers that earn a low-to-moderate income from a job or...
