U.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the…
The COVID-19 pandemic is affecting small business in many different aspects. Whether your business is retail, manufacturing, or service related, the one consistent theme uniting all small business is the need to pivot our day-to-day of operations. So how do we make these changes quickly and efficiently? A good place to start is to educate…
The US Treasury Department and the IRS have formally announced the official extension of the April 15th tax filing deadline due to the COVID-19 pandemic. The new extended deadline for file and pay all taxes due April 15th is now July 15th. This extension is automatic, there is nothing needed to be submitted. The October…
Guest Post by: Chloe Kimble Being an entrepreneur is tough work, especially when it comes to managing your time. The good news is that there are programs that can help and the the digital CPA provides ways to help you manage your work wisely. This includes the use of software, tools, and apps to lessen the…
Guest Post by: Bryce Welker The best taxes are the ones you don’t have to pay. Unfortunately, many small business owners are overpaying on taxes by not taking advantage of the many tax breaks, reliefs, and incentives that the government offers. Sure, many small business owners consider tax handling as the most challenging aspect…
IRS phone lines are back up, fax still down I called the IRS this morning at 7 am on the Practitional Priority Line on a lark, as I got an urgent request from a client regarding a notice they received yesterday. Not expecting the call to go through, I was surprised by the response that wait…
We all come across a time we wish we had access to a graphic designer. We need to design a quick easy logo for a project or new business venture. That happened to me recently and I found DesignEvo. In less than 5 minutes I created this simple logo. Changed the font, the colors, drop…
Automatic mileage tracking, is that possible? With Automatic, it is now! We are constantly asking clients for mileage to deduct on their tax returns. You know who are you: Realtors, Contractors, Sales professionals, really anyone who gets a 1099. Then you give us the mileage and we ask for…….you guessed it, the mileage log… Yes, I…
Keep it separated Some of the real estate agents we have worked with were shocked when they got their tax bill. They owed more to the IRS due to not capturing all of their expenses. They had been missing out on thousands of dollars of deductions because they are not keeping good records. The primary…
The business of real estate Whether you are a real estate agent, running a real estate brokerage or a property management firm, you are in fact running a business. Although similar, they each have different business requirements, as well as differing regulatory rules and regulations. Real Estate Brokers and Agents have large demands on their…
