When possible, you want to claim that your office in your home qualifies as a principal place of business, because this classification
When it comes to vehicles, there’s much to think about.
What is the unpardonable sin in an IRS audit?
Okay, so you took the big Section 179 expensing deduction on your vehicle.
Small Business Administration (SBA) Economic Injury Disaster Loans (EIDLs) can be a great source of low-interest funding for businesses struggling with the economic impact of the COVID-19 pandemic.
If you’re considering moving to a different state, taxes in the new state may be the deciding factor—especially if you expect them to be lower.
The Payroll Protection Program (PPP) rules—they keep a-changin’.
You may not have considered the choices you have for deducting the assets that you buy for your business.
Can your business use an infusion of cash to deal with losses caused by the COVID-19 epidemic?
Giving to your church, school, or other 501(c)(3) charity is a noble act no matter how you choose to give.
IR-2020-178, August 11, 2020
Whether you claim a business office in the home or are simply working at home, say because of COVID-19, you likely have some former personal assets that you now use for business.
We receive many questions about the Payroll Protection Program (PPP). Here are two of them with our answers.
Here’s how renting out your home while you take a two-month vacation interacts with your ability to use the $500,000 home-sale exclusion ($250,000 if single).
If you report your business income and expenses on Schedule C of your Form 1040, your PPP loan forgiveness is straightforward, as you see in the four answers below.
Limited liability companies (LLCs) are a popular choice of entity for small businesses and investment activities.
Tax law definitions do not apply to much of the Payroll Protection Program (PPP), making it new ground for owners of S corporations.
With the COVID-19 experience, you and your partners may be doing a lot of work from home or even working from home primarily.
As you read this, it’s likely that your lawmakers are working on the next Payroll Protection Program (PPP) package.