2020 Deficits and Potential Payroll Tax Holiday
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
Tax Planning December 2020: Biden vs Trump
Tax Planning December 2020: Biden vs Trump Transcript: There is a lot going on in terms of to sorting out the Presidential election right now. Regardless of who becomes President, January 1st is approaching fast and there are still opportunities to take action to do some tax planning before year end. When we’re looking between…
The New Normal for a Successful Mindset
What is the new normal for a successful mindset? The pandemic has forced us to think differently and to quickly adapt to changes we would have previously considered very unlikely. It is not good luck, rather a strong and responsible leadership ethic of any company fully prepared to change to a Work-from-home scenario when the…
Tax Planning In November 2020
Tax planning in November 2020. Depending on who gets into office, there will be notable differences in philosophy of the direction things are going. After a year of unprecedented government spending amid the coronavirus pandemic, how revenue for the government will be collected into the future will matter. We’ve already seen several states take on…
Tax Planning No Matter Who Won
Tax planning no matter who won… We have uncertainty in the air with who is going to be president- depending if you’re asking the Republicans or the Democrats, they will both tell you, their candidate is going in. Nevertheless, while we’re in this state of influx, trying to get things sorted out on both sides,…