,

Why You Need a Financial Advisor Even More in Uncertain Times

We are living during a period of trying, uncertain times.  The current outbreak of the Coronavirus disease (COVID-19), has had a significant impact on the way we go about our daily lives. From how we work, to how we live, to how we relax,…

What Does a Tax Deduction Save You?

Taxpayers frequently ask what benefit is derived from a tax deduction.  Unfortunately, there is no straightforward answer.  The reason the benefit cannot be determined simply is that some deductions are above-the-line, others must be itemized,…
Capital Building
,

The SBA Is Providing Small Business Disaster Loans for Relief During the Coronavirus Outbreak

The U.S. Small Business Administration (SBA) has never faced a challenge like the COVID-19 outbreak, but they’re stepping up to help small business owners who are suffering financially during these uncertain times. The SBA’s mission is…
Capital Building

Families First Coronavirus Response Act: What Employers Need to Know

The rapid spread of the COVID-19 virus has begun to initiate an economic downturn and spurred a series of rapid responses on the part of the government. There have been so many proposals and versions floated regarding employee policies during…
Retired Couple
, ,

New Tax Rules for Retirees

If you are at or approaching the age of 70, you need to be aware of some changes that Congress made to the tax laws, effective starting in 2020. These changes will have direct impacts on you and the decisions you make related to your retirement…
School Children

New Twist for Kiddie Tax with a Refund Opportunity

On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…
Small Business Startup
,

Do I Have to File a Tax Return?

This is a question many taxpayers ask during this time of year, and the question is far more complicated than people believe. To fully understand, we need to consider that there are times when individuals are REQUIRED to file a tax return, and…
, , ,

2020 Standard Mileage Rates Announced

The Internal Revenue Service (IRS) computes standard mileage rates for business, medical and moving each year, based on a number of factors, to determine the standard mileage rates for the following year. As it does annually around the end…