Home Business? Qualify for Deductions!
If you run a business from home, you could qualify for home office deductions During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your…
If you run a business from home, you could qualify for home office deductions During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your…
Restricted Cash Reporting Restricted cash on your company’s financial statements should be transparent. Are your reporting practices in compliance with the current accounting guidance? The basics Restricted cash is a…
Did you make donations in 2020? There’s still time to get substantiation. If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your…
Restructuring Debt. Should my distressed company consider it? Many businesses have experienced severe cash flow problems during the COVID-19 pandemic. As a result, some may have delayed or missed loan…
Footnote disclosures basics The footnotes to your company’s financial statements give investors and lenders insight into account balances, accounting practices and potential risk factors — knowledge that’s vital to making…
2021 individual taxes: Answers to your questions about limits Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s…
Tax Credit and No Gasoline Although electric vehicles (or EVs) are a small percentage of the cars on the road today. They’re increasing in popularity all the time. And if…
New and revised 1099 Forms are due to recipients soon There’s a new IRS Form 1099-NEC for business taxpayers that pay or receive certain types of non-employee compensation and it…
Lots of Reasons to File Early – Here are Some of Them The IRS announced it is opening the 2020 individual income tax return filing season on February 12. (This…
Should you convert from a C to an S corporation? The best choice of entity can affect your business in several ways, including the amount of your tax bill. In…