IRS Announces Changes to Form 1099
TaxOn November 18, 2020, the IRS announced new requirements in the way businesses would report non-employee compensation.
The Twelve Days of Taxmas – Beneficiary Review
TaxOn the 12th day of Taxmas, my accountant gave to me an annual reminder to review beneficiary designations for retirement accounts, annuities, and life insurance contracts.
The Twelve Days of Taxmas – General Tax Planning
TaxOn the 11th Day of Taxmas, my accountant gave to me some general tax planning tips.
The Twelve Days of Taxmas – Business Structure Review
TaxOn the 10th Day of Taxmas, my accountant gave to me a review of my company structure.
More COVID-19 Relief for New Jersey and Pennsylvania Businesses
Paycheck Protection Program, TaxEarlier today, Congress approved The Emergency Coronavirus Relief Act, which provides $900B in long-awaited economic stimulus and relief to both businesses and individuals.
The Twelve Days of Taxmas – Retirement Plans Startup Costs Tax Credit
TaxOn the ninth day of Taxmas, my accountant gave to me a tax credit for some of the ordinary and necessary costs of starting a SEP, SIMPLE IRA, or qualified plan.
The Twelve Days of Taxmas – Gift Tax Exclusion
TaxOn the eighth day of Taxmas, my accountant gave to me an annual Gift Tax exclusion of $15,000.
The Twelve Days of Taxmas – Cost Segregation Studies
TaxOn the seventh day of Taxmas, my accountant gave to me a Cost Segregation Study.
The Twelve Days of Taxmas – Qualified Business Income Deduction
TaxOn the sixth day of Taxmas, my accountant gave to me the Qualified Business Income (QBI) deduction.
The Twelve Days of Taxmas – R&D Tax Credit
TaxOn the fifth day of Taxmas, my accountant gave to me, a Research & Development (R&D) study.