Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants
Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants
M&A transactions: Be careful when reporting to the IRS
Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you must report the details to the IRS. The tax agency may then compare what both parties report to ensure they match.
08.10.21 10:32 AM - Comment(s)
EIDL program retooled for still-struggling small businesses
Many small businesses are still feeling the pressure of the pandemic. If yours needs a loan, check out the SBA’s newly enhanced COVID-related EIDL program.
01.10.21 11:50 AM - Comment(s)
Many parents will receive advance tax credit payments beginning July 15
About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.
08.06.21 10:20 AM - Comment(s)
Working in the gig economy results in tax obligations
The pandemic has caused some people to turn to “gig” work to make up for lost income. Here are the tax consequences of taking on these jobs.
01.06.21 10:34 AM - Comment(s)
Be careful when claiming "Made in USA"
Can your business claim a product is “Made in USA” or will using the phrase on labels or in ads lead to legal challenges? Although there’s no hard-and-fast rule, the FTC provides guidelines for origin claims.
25.05.21 11:03 AM - Comment(s)
New law tax break may make child care less expensive
Child care is expensive. The newly enhanced child and dependent care credit may help for 2021.
26.04.21 10:45 AM - Comment(s)
Who qualifies for "head of household" tax filing status?
If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.
08.04.21 11:17 AM - Comment(s)
EIDL loans, restaurant grants offer relief to struggling small businesses
Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options.
05.04.21 10:56 AM - Comment(s)
Should my distressed company consider a debt restructuring?
Many companies are struggling to make their loan payments during the COVID-19 crisis. Debt restructuring could provide relief.
08.03.21 11:35 AM - Comment(s)
2021 individual taxes: Answers to your questions about limits
How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.
24.02.21 10:51 AM - Comment(s)