IRA Contributions 2020

If you’re getting ready to file your 2020 tax return, and your tax bill is higher than you’d like, there might still…

home office deductions 2021

During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform…

tax implications of buying or selling business

Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as…

If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what…

Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable…

tax increases affecting businesses in 2021

A number of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2021. Some stayed the…

Although electric vehicles (or EVs) are a small percentage of the cars on the road today, they’re increasing in popularity all the…

business cost per mile

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half…

IRA Required Minimum Distributions

If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum distributions (RMDs)…

Forms 1099

There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished…