save on your business tax bill

The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and…

start up expenses

While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For…

selling your house don't forget to pay taxes

Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in a slowdown in sales.…

deducting medicare premiums

If you’re age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the…

non working spouse IRA

It’s often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work outside the home —…

health savings accounts 2021

The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA basics An HSA is a trust created or organized exclusively for the…

covid-19 economic stimulus payment questions

Nearly everyone has heard about the Economic Impact Payments (EIPs) that the federal government is sending…

PPP Loan Guidance

The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection Program (PPP) loan. Specifically, an…

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…

charitable contributions

In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity.…