News
Peruse our news archive to stay informed on recent tax changes, tax-related current events, tips for smart financial management, and news from our firm.
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03 - 03 - 2021
If you run a business from home, you could qualify for home office deductions
During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might be able to claim deductio...Read More -
02 - 26 - 2021
Receivables can mean fraud risk — here’s how to reduce it
One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Lapping is one popular receivables scheme when perpetrators apply receipts from on...Read More -
02 - 25 - 2021
How can your business benefit from the Consolidated Appropriations Act?
The Consolidated Appropriations Act of 2021 (CAA) was signed into law in late December. The sprawling legislation contains billions of dollars in additional stimulus funding in response to the COVI...Read More -
02 - 17 - 2021
2021 Tax Calendar
A 2021 tax overview of deadlines and dates you don't want to miss.Read More -
02 - 10 - 2021
Many tax amounts affecting businesses have increased for 2021
A number of tax-related limits affecting businesses are annually indexed for inflation, and many have increased for 2021. For example, the Section 179 expensing limit has gone up to $1.05 million f...Read More -
02 - 03 - 2021
2021 Mileage Decreases
The standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased to 56 cents per mile. As a result, you might see a lower deduction for vehicle-rel...Read More -
01 - 20 - 2021
PPP loans have reopened: Let’s review the tax consequences
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisi...Read More -
01 - 15 - 2021
How the new COVID-19 relief law affects retirement benefits
The Consolidated Appropriations Act (CAA) includes a wide variety of provisions that address the ongoing economic hardships caused by the COVID-19 pandemic. There are so many provisions, in fact, t...Read More