Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020…

Investment portfolio self management expense deduction

Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses and clerical costs? Under current…

risk assessment trust fund penalty small business

There’s a harsh tax penalty that you could be at risk for paying personally if you own or manage a business with…

The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with…

10 facts about pass through deductions

Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred…

employee retention tax credit

The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act…