Many Tax Amounts Affecting Businesses Have Increased for 2021
A number of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2021. Some…
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The Power of the Tax Credit for Buying an Electric Vehicle
Although electric vehicles (or EVs) are a small percentage of the cars on the road today, they’re increasing in popularity…
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PPP Loans Have Reopened: Let’s Review the Tax Consequences
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate…
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New Rules on Business Meal Deductibility
A small yet important part of the recent stimulus legislation is a provision that removes the 50% limit on deducting…
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Important Employee Retention Credit Changes
At the end of December, a second Coronavirus relief package was signed into law. This new law contains significant enhancements…
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New IRS Security Measures to Protect Against Identity Theft
Starting in the new year, the Identity Protection PIN (IP PIN) Opt-In Program will be available to all taxpayers who…
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