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Many people make gifts of cash, appreciated securities, and/or personal property to their favorite charities. They want to help others but are also happy to receive a charitable deduction from their income taxes for the fair market value of the donated items. For...
Your business taxes should be one of the key areas you review on a regular basis to ensure you are taking advantage of any laws in your favor. Federal, state, and local laws change often enough that you may not realize that you are missing out on substantial...
Generosity doesn’t always come with a timetable, but if you have been thinking about when to make large gifts of cash or property to someone, now might be a good time. These unique times we’re all currently living through may make now the best time in recent...
We believe strongly that small businesses are critical to our nation’s economy; in fact, 99.9% of businesses in America are defined as small businesses. And if you’re one of the millions of small business owners in America, you know how hard it can be to run your...
An important COVID-related economic measure enacted in 2020 was the Paycheck Protection Program (PPP). Two rounds of loans were offered to businesses to help them maintain their workforce during COVID. The program ended on May 31, 2021, but existing borrowers are...
While the infrastructure law that passed last year had many positives, it had at least one negative in ending the Employee Retention Tax Credit (ERTC) for wages paid after October 1, 2021. The ERTC was created in 2020 in response to COVID to provide financial...