The Coronavirus Aid, Relief and Economic Security (CARES) Act, which passed earlier in 2020, includes some retroactive tax relief for business taxpayers.
Four CARES Act Tax Relief Provisions for Business Owners
Month: June 2020
Cash Flow Series: Three Common Cash Flow Mistakes Small Business Owners Make
Managing cash flow requires business owners to observe not just cash balances on hand, but the flow of cash. Here are some common missteps.
How to Treat Start-up Expenses on your Tax Return
Entrepreneurs often don’t know that many start-up expenses can’t be currently deducted. Here’s how to handle start-up expenses.
Cash Flow Series: Cash Flow Best Practices
Business disruptions and market downturns are likely to influence your short-term cash strategies, but they should not change cash flow best practices.
Recordkeeping is Key for Tax Deductions
If you operate a small business, or you’re starting a new one, you probably know how important recordkeeping is.
Relief for Qualified Opportunity Zone Investors
The Department of the Treasury and Internal Revenue Service has extended various Opportunity Zone investing requirements.
Casualty Loss Deductions may be Available for Damage Caused by Riots
A business may be able to claim casualty property loss or theft deductions caused by riots on its tax return. Here’s how a loss is figured for tax purposes.
Business Strategies for Staying Steady in a Troubled Economy
Here are some tried-and-true suggestions to help keep your business on the right track during this pandemic.
Tax Breaks Proposed for Business Meal and Entertainment Deductions
One of the tax breaks that President Trump has proposed to help restaurants is an increase in the amount allowed for business meal and entertainment deductions.