IRS delays start of tax season by two weeks While tax season usually kicks off before we see the end of January, that won’t be the case this year…. More on this story
IRS Prepares to Finalize Rules for 2020 Partnership Capital Reporting After several rounds of revisions and reversals, the IRS is about to release its final version of instructions for partnerships… More on this story
Second Round of the Paycheck Protection Program The Consolidated Appropriations Act signed in late December 2020, provided $900 billion in COVID relief for individuals and small businesses…. More on this story
Key Tax Q&As for 2021 Right now, you may be more concerned about your 2020 tax bill than you are about how to handle your… More on this story
Tax Deadlines for Q1 of 2021 Mark your calendar and set reminders for the following tax deadlines for the first quarter of 2021: January 15 —… More on this story
New Coordination between the Paycheck Protection Program and Employee Retention Tax Credit Good news! The new COVID relief bill allows for businesses who received Paycheck Protection Program (PPP) loans to now claim… More on this story
Breakdown of the new coronavirus relief bill Congress passed a roughly $900 billion coronavirus relief bill yesterday which is expected to be signed by President Trump in… More on this story
The Bipartisan COVID-19 Emergency Relief Act of 2020 Two bipartisan bills that were recently introduced on December 15, 2020 may in fact be finalized before 2021. Senator Joe… More on this story
How your family business can avoid a succession struggle It’s a common scenario in family-owned businesses. Two of the owner’s children inherit the company and, while one is eager… More on this story
PPP Deductibility Fix on the Horizon Discussions regarding additional COVID- 19 spending have resumed amongst lawmakers for the first time since the election. A deal could… More on this story
