SBA Announces Changes to How PPP Loans Are Calculated for Self Employed
This week, the SBA decided to make important changes in calculating the amount of PPP funds that a self-employed worker, such as a sole...
Your gambling losses may be tax deductible.
If you itemize your deductions on Schedule A and keep a record of your gambling winnings and losses, you may be able to deduct your...
Home Office Deduction: What You Need to Know About Working From Home
2020 was a long year that was full of unprecedented changes. Considering tax season, those changes may lead you to wonder how your taxes...
Don’t Miss Out on Claiming the Earned Income Tax Credit
The Earned Income Tax Credit (EITC) is a refundable tax credit given to taxpayers that earn a low-to-moderate income from a job or...
COVID-19 and Your Tax Return
This Friday, on the 12th of February, is the official opening date for tax season. On this day, the Internal Revenue Service (IRS) will...
Educators May Deduct PPE Expenses Under New IRS guidelines
Last week, the IRS released Rev. Proc. 2021-15 as an update for the deductibility of personal protective equipment (PPE) paid for by...
Why the Wait?
It’s only right that even the 2021 tax filing season start date has been postponed by the 2019 Coronavirus, but at least we know when it...
Small Business, Big Benefits
Taxes are daunting, and especially for a small-business owner’s income. The following tips are six ways small businesses can get some...
