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Businesses: Get Ready For The New Form 1099-NEC
There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation. Beginning with tax year 2020, payers must complete...
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California Tax Updates for July 8th
Post 1: Interest rates set on overdue payroll tax in California. For the period beginning July 1, 2020, through Dec. 31, 2020,...
Launching A Business? How To Treat Start-Up Expenses On Your Tax Return
While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For...
Good Records Are The Key To Tax Deductions And Trouble-Free IRS Audits
If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your...
Rioting Damage At Your Business? You May Be Able To Claim Casualty Loss Deductions
The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of...
Business Meal Deductions: The Current Rules Amid Proposed Changes
Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that President Trump...
