Tax Strategies

  • PPP loan forgiveness offers opportunity for pause, planning The Paycheck Protection Program has offered a much-needed lift for small businesses across the country, enabling them to keep their heads above water throughout the storm of the COVID-19 pandemic and the resulting economic downturn. If you’re a small business owner who ... Continue Reading
  • Planning, Evaluation Needed for Businesses Considering Payroll Tax Deferral If you’re a small business owner, there’s no doubt you might have a few questions related to the recent announcement from the federal government granting employers the ability to stop withholding a portion of the employee’s responsibility of the payroll tax beginning on ... Continue Reading
  • Making Sense of the Recent Tweaks to Payroll Taxes There’s a measure of relief coming to some employees in the form of a short-term payroll tax break, but there are still plenty of questions of what’s the best way for small businesses to take advantage of these changes to help their workers without negatively impacting their ... Continue Reading
  • Unhappy With the Income Tax Bill for Your Small Business? Here's What You Should Do: We all want to pay as little income tax as possible without breaking the law. If your small business tax bill is too high, try the following tips to bring it down in subsequent years. Keep impeccable records. Most of the deductions your small business can claim depend on ... Continue Reading
  • I Filed My Income Tax Return but Couldn't Pay. What Should I Do Now? Whether you are an individual or a small business, filing your tax return on time is important. However, if you can't pay the full amount of income tax you owe on or before the due date, you will face interest and penalties even if you filed on time. If you have filed your ... Continue Reading
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