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.
The Twelve Days of Taxmas – Employee Retention Credit
TaxOn the fourth day of Taxmas, my accountant gave to me the Employee Retention Credit (ERC) and the Paid Sick Leave and Family Leave Credit.
The Twelve Days of Taxmas – Qualified Improvement Property
TaxOn the third day of Taxmas, my accountant gave to me a technical correction to the definition of Qualified Improvement Property.
The Twelve Days of Taxmas – Section 179D
TaxOn the second day of Taxmas, my accountant gave to me an expanded bonus and Section 179 depreciation.