2020 Deficits and Potential Payroll Tax Holiday

The Biden Administration Corporate Tax Proposal

California Health Insurance Penalty:
https://www.coveredca.com/individuals-and-families/getting-covered/penalty-and-exemptions/

Guidance addresses deductibility of expenses related to Paycheck Protection Program loans:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200501_1.pdf

$3.7 Trillion Deficit:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200501_3.pdf

Fewer People filed by April 15th:
https://www.cpapracticeadvisor.com/tax-compliance/news/21135618/21-million-taxpayers-delayed-filing-past-april-15

Payroll Tax Holiday
https://www.washingtonexaminer.com/news/white-house-strongly-considering-demand-to-include-payroll-tax-cuts-in-next-relief-package

Try These Tax Ideas for Your Business Before the Year Ends

Are you a business owner? Then chances are you’re already busy getting ready for your taxes. Personal taxes can be a pain for many people, but business taxes can be even more complicated. This is a very important time of year for just about every business because making the right moves now can help save…

What Should You Do if You Can’t Afford to Pay Back-Taxes?

Paying taxes is no fun. Owing back taxes and not being able to pay them is much worse. Many people get into tax trouble when they end up owing money to the IRS and they don’t have the means to pay it off. This can cause a lot of stress, anxiety and even fear or…

You Still Have Time to Make These Tax-Savings Moves

It’s that time of year again. No, we’re not talking about Christmas. It’s time to get serious about tax savings. It wouldn’t be December unless we had some last minute tax tips to help you save money before the year ends. Whether you count yourself among the highly successful or the middle class, these are…

Don’t Wait to Hire a Tax Pro for the Upcoming Tax Season

This is after Christmas when everyone is scrambling for those after Christmas deals at the stores and whatever else it takes to be ready before the big day. Likewise, there are a lot of people that end up scrambling for a tax pro as soon as the tax season starts because they forget to take care of…