The economic slowdown caused by COVID-19 is shifting the competitive landscape in many industries. Business owners need to determine where they stand.
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The Internal Revenue Service today released Notice 2020-50 (PDF) to help retirement plan participants affected by the COVID-19 coronavirus take advantage of the CARES Act provisions providing enhanced access to plan distributions and plan loans
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If you have medical expenses and you pay Medicare premiums, you know it can be expensive to get the coverage you want. But if you qualify, you can deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.
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Has your business applied for a PPP loan or already acquired funds from this program? If so, the recently passed PPP Flexibility Act has made important changes to the rules.
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If you’re like most Americans, the coronavirus (COVID-19) pandemic has led to many questions. Health issues are of utmost concern but you may also have many financial questions. Here are some answers.
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Do you want to save for retirement on a tax-advantaged basis? It’s not too late to make 2019 IRA contributions (if you’re eligible) just because it’s 2020. And this year, the IRS extended the deadline three months due to COVID-19. Here are the rules and who can make contributions.
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The economic slowdown caused by COVID-19 has created major sales challenges. A recent survey reveals how companies are updating their compensation models.
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The CARES Act has provided some help for people with student loans. And if you do make some payments this year, you may be able to deduct the interest on your tax return. Here are the rules.
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Nowadays, it’s become increasingly popular and easy to digitize documents and store them electronically. Is this the right move for you?
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It’s important not to forget about your return or lose sight of any important details
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As businesses prepare to open their doors and employees begin returning to work, stopping the spread of COVID-19 and employee safety remains top priority.
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Here are some tax strategies to think about during the coronavirus pandemic
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Before you hand over the cash, you need to plan ahead to avoid tax complications for yourself down the road.
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It might be a good time for a Roth conversion
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Questions? The IRS is regularly updating the Economic Impact Payment and the Get My Payment tool frequently asked questions pages on IRS.gov
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Retaining employees and maintaining payroll has become difficult for many small businesses across the country. The SBA’s Payroll Protection Program offers relief for some.
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Scammers are taking advantage of fears surrounding the Coronavirus
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The tax agency has confirmed that 2019 tax year contributions to individual retirement arrangements (IRAs) and health savings accounts (HSAs) can be made as late July 15
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Here are three of the highlights from the IRS actions announced this week.
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Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your loved ones. To ensure that your wishes are carried out, and that your family is spared the burden of guessing — or arguing over — what you would decide, put those wishes in writing. Generally, that means executing two documents:
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