This Month's Newsletter
December 2017
Beware ? Unemployment Compensation Is Taxable Income
With the pandemic impacting the economy to the extent it has for much of the year, many practice owners found themselves collecting unemployment for the first time in their lives. Although unemployment insurance (UI) is a government program helping taxpayers out of...
How To Pay Off the EIDL Loan
The SBA made it very easy for practice owners to receive an EIDL loan of up to $150k with a fixed 3.75% interest rate over a 30-year term. And a lot of practice owners decided to accept this EIDL loan. As we posted:...
On Extension? Your Deadline is Almost Here
For individual taxpayers who filed an extension, the deadline to submit your final 2019 tax return is Thursday, October 15. A few tips to remember: ? You can file your return any time before that date. ? If you?re due a refund, make sure you muse direct deposit to...