President Biden signed the American Rescue Plan Act of 2021 into law last week — a $1.9 trillion economic stimulus that offers relief to individuals, businesses, schools and others affected by COVID 19. Among the items of greatest interest to...
Read MoreA report by the Small Business Administration in August showed that more than 5.2 million businesses took advantage of the U.S. Government’s Paycheck Protection Program (PPP) in 2020. The program closed to new loan applications on Aug. 8, and, as...
Read MoreIf you haven’t heard of the so-called “Widow’s Penalty,” it might be because you’re not approaching retirement age yet. If you are getting close to retirement, though, you should pay attention. That’s because a situation inherent in the tax code,...
Read MoreUnlike employees who receive a W-2 from their employer each January, freelancers tend to receive a 1099-MISC form from clients who have paid them more than $600 in the previous year (or more than $10 in royalties or broker payments). If you are...
Read MoreThe Tax Cuts and Jobs Act of 2017 totals 1,097 pages – not exactly light reading for anyone, even a CPA!
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