Vehicle Tax
Don’t wreck your most valuable deduction
Uncle Sam's allowance for vehicle expenses is one of the least understood deductions. Of course car and truck expenses are allowable, but how are they maximized? What records are necessary to survive an audit?
Scott Patterson
Your home office's real superpower
Many small business owners think the home office is more trouble than it's worth. While that's easy to understand, don't overlook the one HUGE benefit you may be overlooking.
Vehicle Fundamentals Tax
Fundamentals: Vehicle Expenses
Tax PPP Loans
December 2020 Stimulus Bill (Taxpayer Certainty and Disaster Tax Relief Act of 2020)
Congresses second round of stimulus for 2020 was signed just before New Year's Eve. As usual it is packed full of tax changes. Some are brand new. Some fixed or clarified issues with the first stimulus.
PPP Round 2: What you need to know
The Paycheck Protection Program (PPP) is opening once again. Now, the PPP program established by the CARES Act is targeted to help small businesses more than ever.
Tax
2020 Tax Changes to know when preparing your return
Due to the sweeping impacts of the COVID-19 pandemic, 2020 was an extremely active year when it comes to tax changes. Some changes only apply to 2020, but many more will have lasting impact.
American Rescue Plan for Businesses
Whether you are in need of rescue or not, Congress has passed the American Rescue Plan (ARP). This is the sweeping $1.9 trillion relief bill you undoubtedly heard was coming. The bill provides piles of money for COVID vaccines...
American Rescue Plan for Indviduals
2021 Child Tax Credit (4th Stimulus?)
As part of President Joe Biden’s $1.9 trillion coronavirus relief package, eligible families can receive as much as $3,600 for each child under the age of 6. This represents an 89% increase over 2019’s amount.
