- What Happens if I Receive an IRS CP2000 Notice?
- If you receive an IRS CP2000 notice (also known as an underreporter inquiry) in the mail, don’t panic. First step: contact our office. We’ll help you through the rest.
- 5 Resolutions QuickBooks Online Users Should Make for 2021
- New year, new challenges, and the potential for new successes. Here are five ways you can improve your financial management in 2021.
- New Business? Tax Issues to Consider
- In spite of COVID-19 restrictions many entrepreneurs are considering possible new or additional business opportunities. So, if you are planning a new business start-up and are incurring some expenses, you probably anticipate deducting those expenses in the first year of the business’s operation. Unfortunately, it is a little more complicated than that. Expenses a business incurs in the beginning can include equipment purchases, vehicle purchases and use, leasehold improvements, organizational costs and start-up expenses, and each receives a different tax treatment.
- Video: Don't Miss the Opportunity for a Spousal IRA
- Watch this video for what to know about Spousal IRAs, an opportunity for a spouse with low or no income to contribute to his or her own IRA.
- SBA Questioning PPP Borrowers with Loans Over $2 Million
- When Congress initially authorized the Paycheck Protection Program, its intent was to provide loans that would be partially or completely forgiven if used for the intended purposes of helping businesses affected by COVID-19 stay afloat and to help those businesses maintain payroll. As part of the Small Business Administration’s (SBA’s) loan application, Form 2483 or lender’s equivalent form, borrowers had to certify under penalty of imprisonment and monetary penalties to the following:
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