2021 Individual Taxes: Answers to your questions about limits
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your...
Many tax amounts affecting businesses have increased for 2021
Many tax amounts affecting businesses have increased for 2021. Some stayed the same due to low inflation. And the deduction for business meals has dou...
Don’t forget to take your required minimum distributions this year
If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum distributions (RMDs) when...
The new Form 1099-NEC and the revised 1099-MISC are due to recipients soon
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipient...
The IRS announced it is opening the 2020 individual income tax return filing season on February 12. (This is later than in past years because of a new...
Can your business benefit from the enhanced Employee Retention Tax Credit
COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligi...
The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here are some of the highlig...
New law doubles business meal deductions and makes favorable PPP loan changes
The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic. It also conta...
The new COVID-19 law provides businesses with more relief
The new COVID-19 law provides businesses with more relief
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which prov...
Gov. Holcomb issues “stay-at-home” order
Today at noon, Gov. Holcomb issued a two-week “stay-at-home” order for the state of Indiana. Here are the d...
Coronavirus Update to your Tax and Accounting Services
Coronavirus Update to your Tax and Accounting Services
We are taking the Coronavirus very seriously and suggest that you do the same. If you have a d...
Do you run your business from home? You might be eligible for home office deductions
Do you run your business from home? You might be eligible for home office deductions
If you’re self-employed and work out of an office in your home,...
Do you want to go into business for yourself?
Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and cons...
