by Admin | Jan 29, 2021 | Individual Taxes
President Biden released his “American Rescue Plan” on January 14. It is a wish list of proposals he wants Congress to enact to address the COVID-19 pandemic and associated economic crisis. While some of the proposals are intended to be in effect for just one year, it...
by Admin | Jan 28, 2021 | Individual Taxes
Tax time can be one of the most hated times of the year. Just preparing the forms is enough to be an irritant, and if you owe the government money there’s a good chance that you’re downright annoyed. But neither of those things compare to the feeling that accompanies...
by Admin | Jan 27, 2021 | Business Taxes, Entrepreneurial
As if 2020 wasn’t challenging enough, tax-filing this 2020 tax season is going to be even more complicated than usual. Though the CARES Act and the Paycheck Protection Program were put into place to help small businesses, the old adage about “no such thing as a free...
by Admin | Jan 27, 2021 | Individual Taxes
In spite of (or in some cases, because of) the COVID-19 pandemic, and with near-record-low home mortgage interest rates, the housing market has been booming. September 2020 existing home sales were up 9.4% from August 2020 and 20.9% from 2019, according to the...
by Admin | Jan 20, 2021 | Business Taxes
If you recall, the Tax Cuts and Jobs Act (TCJA), effective beginning in 2018, eliminated business meal deductions for entertainment, amusement or recreation expenses. However, it did retain a deduction for business meals when the expense is ordinary and necessary for...
