Economic impact payments
ECONOMIC IMPACT PAYMENTS
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 […]
Customized Reports in Xero
Here is a short video on how to create save and organize customized reports in Xero.
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 […]
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 […]