January 3, 2014
Happy New Year! Now that the holidays are over, it’s time to get serious about reviewing where you stand from a tax perspective. As you may recall, in 2013 Congress and President Obama made a budget deal to avoid the fiscal cliff which resulted in seven tax increases. In addition to these increases, the introduction of the Affordable Care Act (also known as Obamacare) also included six additional tax increases, for a grand total of 13 new tax hikes which may affect your 2013 tax bill.
The following list details these tax changes. It is worthwhile reviewing it to see which changes are most likely to impact you this tax year:
Do any of these 13 tax increases apply to you or your business? If you need help determining how these changes will impact you, please contact our office for assistance.
If your business has a website, you’ve heard about the importance of content. Lots of content— educational, timely, entertaining and frequently updated information that helps boost your search rankings and engage visitors.
PPP Loan Forgiveness Update
There is no immediate deadline to apply for loan forgiveness. Forgiveness applications can be filed up to 16 months from the date a business received PPP loan funding.
We suggest deferring PPP forgiveness until 2021. IRS notice 2020-32 states that the expenses paid with...
This Thanksgiving, what are you grateful for?