Apr 7, 2021 | Finances, Planning, Taxes
New Tax Breaks Benefit Millions What you need to know The recently-passed American Rescue Plan Act contains several tax breaks for you and your family. Here are the major provisions of the bill that could mean more money in your pocket during the 2021 tax year. Child...
Mar 31, 2021 | Planning, Taxes
The $24,000 Tax Time Bomb A terrible tax surprise everyone should know What follows is a true story. A story with a sad ending. But one that has a lesson for everyone. Stick with the story, with a high degree of certainty you probably know someone in this exact...
Jan 26, 2021 | Business, Taxes
PPP Loan Expenses Are Now Tax Deductible If you or your business received funds from the Paycheck Protection Program (PPP), the recently passed Emergency Coronavirus Relief Act of 2020 will help to dramatically cut your tax bill. Here’s what you need to know....
Jan 17, 2021 | Planning, Taxes
IRS Tax Surprises No one likes surprises from the IRS, but they do occasionally happen. Here are some examples of unpleasant tax situations you could find yourself in and what to do about them. An expected refund turns into a tax payment. Nothing may be more deflating...