Blog
There’s still time to make a deductible IRA contribution for 2019
May 13, 2020
The deadline for 2019 traditional and Roth contributions for most taxpayers would have been April 15, 2020. However, because of the novel coronavirus (COVID-19) pandemic, the IRS extended the deadline to file 2019 tax returns and make 2019 IRA contributions until July 15, 2020.
Business charitable contribution rules have changed under the CARES Act
May 13, 2020
In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES) Act made some liberalizations to the rules governing charitable deductions.
The CARES Act liberalizes net operating losses
May 13, 2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law.
Recent efforts to corral COVID-19 fraudsters
May 13, 2020
The novel coronavirus (COVID-19) pandemic has opened the floodgates to scam artists attempting to profit from sick, anxious and financially vulnerable Americans. Your best defense, as always, is to hang up on suspicious calls, delete fake-looking emails and be wary of any claims that sound too good to be true.
Do you have tax questions related to COVID-19? Here are some answers
May 5, 2020
The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now.
Hiring independent contractors? Make sure they’re properly classified
April 30, 2020
As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful that these workers are properly classified for federal tax purposes.
IRA account value down? It might be a good time for a Roth conversion
April 30, 2020
The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn. But if you have a traditional IRA, this downturn may provide a valuable opportunity
5 ways to protect remote workers — and your business — from cyber attacks
April 30, 2020
Working from home may be new for a lot of Americans, but fraud is a familiar foe for most. If can be defeated with appropriate knowledge and tools.
Everyone loses when workers are paid “under the table”
April 21, 2020
Paying taxes and providing benefits to employees are necessary costs of doing business. While they take a chunk out of your bottom line, not paying them can cost you, your workers and, ultimately, the general economy, even more.
Answers to questions you may have about Economic Impact Payments
April 21, 2020
Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to the IRS. Others are still waiting. Here are some answers to questions you may have about EIPs.
Seniors face a double threat with COVID-19
April 21, 2020
This is an anxious time for everyone, but elderly Americans need to be on guard even more than other segments of the population right now.
Answers to questions about the CARES Act employee retention tax credit
April 8, 2020
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 pandemic.