CARES Act Made Changes To Excess Business Losses

The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may be opportunities for some businesses to file amended tax returns. If you hold an [...]

By |2020-08-26T13:51:38-04:00August 26th, 2020|Categories: Blog, Tax|Tags: , , , , , , , |Comments Off on CARES Act Made Changes To Excess Business Losses

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 example, some businesses are being launched online to provide products and services to people staying at home. [...]

By |2020-06-22T17:23:43-04:00June 22nd, 2020|Categories: Blog, COVID-19, Tax|Tags: , , |Comments Off on Launching a Business? How to Treat Start-Up Expenses on Your Tax Return

5 Reasons You Shouldn’t Wait Until July 15th to File Your Return

While Treasury’s response to the ongoing COVID-19 crisis by automatically extending certain filing deadlines and payments is welcomed news to many, waiting until July 15th to file and/or pay your taxes may have unintended adverse consequences.  Here are five [...]

By |2020-03-26T11:37:08-04:00March 26th, 2020|Categories: Blog, COVID-19, Tax, Tim Tikalsky|Tags: , , , |Comments Off on 5 Reasons You Shouldn’t Wait Until July 15th to File Your Return