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...
Dec 14, 2020 | Business, Taxes
Home Office Tax Deduction If you are working from home for the first time in 2020, you may be wondering if your home office is tax deductible. The bad news? If you’re working from home for an employer, you normally can’t deduct your home office expenses. Here’s a...
