Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants
Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants

Blog tagged as Tax

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)
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)
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)
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)
The power of the tax credit for buying an electric vehicle
Thinking about buying a new electric vehicle? While you’re considering factors like acceleration and the range of the battery before recharging, check out the federal tax break that may be available.
08.02.21 10:28 AM - Comment(s)
One reason to file your 2020 tax return early
Filing your tax return early will get you any refund early and may protect you from tax identity theft. Here’s why.
01.02.21 10:09 AM - Comment(s)
Need another PPP loan for your small business? Here are the new rules
Could your small business use another cash infusion from the Paycheck Protection Program? The new COVID-19 relief law makes this a distinct possibility if you qualify.
25.01.21 11:09 AM - Comment(s)
Ring in the new year with a renewed focus on profitability
Most of us are very happy to have turned the page on 2020. If you’re a business owner, after the confetti clears in 2021, make sure everyone at your company is thinking about ways to build the bottom line.
04.01.21 10:02 AM - Comment(s)