Economic impact payments

ECONOMIC IMPACT PAYMENTS

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By |December 14th, 2020|Tax advice|Comments Off on Economic impact payments

Did you receive a PPP loan?

DID YOU RECEIVE A PPP LOAN?

Get ready to pay it back or pay the taxman.

Many small businesses impacted by the coronavirus pandemic were eligible to apply for a loan through the Payroll Protection Program (PPP). These loans were essential for helping to keep employees working and businesses open. You’ve probably heard a lot […]

By |December 10th, 2020|Small Business Accounting, Tax advice|Comments Off on Did you receive a PPP loan?

Video: Customized Reports in Xero

Customized Reports in Xero
Here is a short video on how to create save and organize customized reports in Xero.

By |November 27th, 2018|Cloud Accounting|Comments Off on Video: Customized Reports in Xero

Year End Tax Planning: Grouping Itemized Deductions

Year End Tax Planning: Grouping Itemized Deductions
Given that the passage of the Tax Cuts and Jobs Act in December of 2017 has changed things a bit.  Here are a few ideas on how to best take advantage of the new law.

The biggest change affecting individual tax payers is the increase of the standard deduction from […]

By |November 20th, 2018|Uncategorized|Comments Off on Year End Tax Planning: Grouping Itemized Deductions

Is it true that if I buy an expensive truck I’ll save a lot on taxes?

Is it true that if I buy an expensive truck I’ll save a lot on taxes?
So you might have heard rumors of business owners making large purchases at the end of the year to save on taxes, and wonder if the stories are really true.  So the truth is that yes there are purchases that […]

By |November 6th, 2018|Uncategorized|Comments Off on Is it true that if I buy an expensive truck I’ll save a lot on taxes?