The Consolidated Appropriations Act, 2021 (Act) was passed by Congress on December 21, 2020, and signed by President Trump on December 27, 2020, granting further Covid-19 relief. This article highlights some of the tax changes and extenders that will be of interest to...
small business
Year-End Tax Tips for Small Businesses in 2020
With just a couple of weeks left in 2020, time is running out to take proactive steps to lower your 2020 tax bill. Even if you plan to file an extension, most tax-saving moves need to be made before Jan. 1, 2021. Here are some last-minute tax strategies small business...
Small Business Recordkeeping: To Toss or Not to Toss (and When)
Any business owner knows that good business recordkeeping is critical for the administrative tasks that keep your business running day to day, but the Internal Revenue Service (IRS) also requires you to keep certain financial records for your business for specific...
As Economic Relief Talks Stall, Try These Financial Resources for Small Businesses
The Covid-19 pandemic continues to create financial frustrations for small businesses nationwide. With talks of a second economic stimulus at a standstill among government leaders, small-business owners looking for financial assistance need to find additional...
COVID-19 and Your Retirement Funds – Maximize Savings Where You Can
For retirees, whether long-term, recently retired, or soon-to-be, the pandemic has shined a light on a retirement system that was broken long before "COVID-19" was part of our vocabulary. Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed...
Is Your Business Eligible for a Small Business Loan with the Stimulus Package?
The Federal government is providing unprecedented relief to small businesses affected by the COVID-19 pandemic during this historical and tumultuous time of economic unrest. Below is an overview of the two main loans available to small businesses—the Economic Injury...
Smart Personal Finance Moves for Small Business Owners
Business owners are some of the most productive and creative people in the world, but sometimes personal finances can become an afterthought—a move that could leave you unprepared for retirement or during times of adversity. Below are some tips to improve the way you...
