Restored bonus depreciation in CARES Act may benefit business owners who have improved property

Dec 20, 2020

James J. DeLuca, CPA, MST Senior Tax Manager As companies face continued reductions in business heading into 2021 due to Covid-19, many are hurting and looking for every opportunity to recoup losses. A bonus depreciation provision in the Coronavirus Aid Relief and...

Payroll Protection Program: Expense Deductibility Update

Nov 24, 2020

The IRS has confirmed its guidance that 2020 business expenses paid for with Paycheck Protection Program (PPP) loan proceeds are not tax deductible.

Understanding distributions from your traditional IRA

Nov 20, 2020

Withdrawing from your traditional IRA requires planning and understanding of how the distributions work.

Tax responsibilities if your business is closing amid the pandemic

Nov 6, 2020

Covid-19 has forced many businesses to close permanently. If your business has closed, we can help you take care of the many tax obligations that must be met.

Tax Planning Essential to Allay Impact of Potential Changes in Federal Tax Law

Oct 29, 2020

From a tax perspective, how would a win for the Joe Biden-Kamala Harris ticket affect your personal and business taxes?