The IRS has issued guidance clarifying the fact that certain deductions aren’t allowed if a business has received a Paycheck Protection Program (PPP) loan. Specifically, an expense isn’t
Many businesses are interested in donating to charity in response to the COVID-19 pandemic. In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES)
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the
The coronavirus (COVID-19) pandemic has affected the finances of many Americans. Here are some answers to questions you may have right now. My employer closed the office and
The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law. Here’s a look at how rules for
The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn. But if you have a traditional IRA, this
Your business may be using independent contractors to keep costs low as a result of the coronavirus (COVID-19) crisis. But you should be careful these workers are properly
Millions of eligible Americans have already received Economic Impact Payments (EIPs) via direct deposit or paper checks, according to the IRS. Others are still waiting. The payments are
The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings, referred
In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing many people, the government has
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers entitled to the refundable tax credits provided under two laws passed in
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides refundable payroll tax credits for 50% of wages paid by eligible employers to certain employees during
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