November 23, 2021
Employers and employees can both benefit from the tax-exempt student loan repayment benefits outlined in the CARES Act. Here’s what your company needs to know.
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Frank Granatino, Partner, Author at GG Advisors LLC - Page 8 of 11
November 10, 2021
The IIJA (Infrastructure Investment and Jobs Act) provides plans to reconnect communities previously divided by highway building and expand broadband networks. Learn more about what it means for small businesses and individuals.
October 4, 2021
The IRS has temporarily expanded its e-signature allowance to include several additional tax forms. Review the complete list and restrictions here.
August 12, 2021
Tax planning can help any business save money on taxes and minimize errors in tax filings. Here are some strategies to start tax planning.
July 8, 2021
With the rise of VRBO and Airbnb, allowing short-term rentals on a vacation home are becoming more popular. Here’s what you need to know about vacation home taxes.
June 9, 2021
The IRS is cracking down on cryptocurrency reporting on tax documents. Here's what you need to know to properly report gains and losses on your tax return.
May 18, 2021
Summer Reminder: Safe Harbor Rules for Rental Real Estate
April 26, 2021
Avoid these top audit triggers and make sure your business is following best practices to avoid an IRS audit this year.
March 12, 2021
The American Rescue Plan Act (ARPA) has been signed into law by President Biden and makes significant updates to several tax provisions to alleviate some of the pandemic's financial burdens for individual taxpayers and businesses. Updates include expansions and extensions of various tax credits such as the employee retention credit (ERC), COBRA continuation coverage, Affordable Care Act (ACA) subsidies, and more. The bill also includes $1.46 billion for the IRS to manage the additional responsibilities on top of the annual tax filing season. Here are the critical tax updates.
March 8, 2021
Form 1040, Schedule C taxpayers received an updated interim final rule (IFR) on the Paycheck Protection Program (PPP) from the Small Business Association (SBA). The IFR clarifies guidance released on Feb. 22 that made changes to how self-employed and sole proprietors could calculate their maximum loan amount to help expand the program for these groups. Approximately 2.6 million sole proprietors have applied for PPP loans, and it is estimated there are about 25 million sole proprietors across the country.