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Article Highlights: Filing Due Date Postponement Payment Due Date Postponement Extensions Late Filing and Late Payment Penalties Required...

On April 9, 2020, the Federal Reserve announced it would be taking additional steps to support the US economy by providing up to $2.3...

SBA 7(a) Relief Loans (Paycheck Protection Program) Our best advice at this time is to consult your banker first. Loan amount up to...

The Treasury Department and the Internal Revenue Service have launched the Employee Retention Credit, designed to encourage businesses to...

Article Highlights: Recovery Rebate Penalty-Free Retirement Withdrawals Waiver of the 2020 RMD Requirement Temporary Removal of...

Federal - Tax deadlines The Treasury Department and IRS are extending the due date for filing federal income tax returns to July 15,...

We're reaching out today to update you on the impact of the COVID-19 global pandemic on the tax and accounting industry and to help...

Article Highlights: Independent Contractors Non-employee Compensation 1099 Filing Requirement Due Dates Penalties Form W-9 and 1099...

Article Highlights: Underpayment Penalties Withholding Under-distribution Penalty Required Minimum Distributions IRA-to-Charity...

November 12 - Social Security, Medicare and Withheld Income Tax File Form 941 for the third quarter of 2019. This due date applies only...

Article Highlights: Health Insurance Retirement Plans Qualified Transportation Fringe Benefits Flexible Spending Accounts (FSAs) Group...

At their core, tax credits are a very particular type of benefit designed to offset the actual tax liability associated with SMBs around the

Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-r

People often say that an expense is “a tax write-off”; most everyone interprets this to mean that the expense will have a tax benefit. Gener

Self-employed individuals, unlike employees, don’t have someone withholding Social Security or Medicare (FICA) taxes along with pre-payments

October 15 - Corporations File a 2018 calendar year income tax return (Form 1120 or 1120-A) and pay any tax, interest, and penalties due....

Article Highlights: Daycare Providers Simplified Food Deduction Special Rules for Business Use of the Provider’s Home Home Sale...

Article Highlights: Hobby Losses Not-for-Profit Rules Determining Factors Trade or Business Presumption Hobby Tax Reporting...

Entrepreneurs don't necessarily need to be numbers people in order to succeed: You need drive, passion, the ability and will to follow thing

September 16 - S Corporations File a 2018 calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if...