Tax Season 2021

The blue wave has arrived. The democratic party has control over the House, Senate, and Presidency. What does this mean? It will be a lot easier to implement tax reform. The Paycheck Protection Program is back, the relief program for businesses with 500 or fewer employees; this tax season covers the SBA Loan PPP, ERTC, and EIDL.

End of Year Small Business Checklist

The end of the year is a great time to review your small business financial checklist and make sure that you are ready for the upcoming year.

How Rising Inflation May Lead to Higher Tax Bills

Inflation has been rising over the past year. Taxes haven’t increased as quickly as inflation, but now it’s possible to pay more in taxes than you used to; this is because the IRS calculates taxes based on income and inflation.

2021 Tax Law Proposals Timeline

The Biden administration has introduced a series of tax proposals as part of the Build Back Better initiative to pay for new government programs such as education and infrastructure.

Build Back Better Act (Draft Released)

Build Back Better Act has been launched includes approximately 1.75 trillion dollars to combat climate change, extend health care and ease child poverty.

Capital Gains, a Retroactive Timeline

With the new tax hikes proposal developed this week in Washington, there are notable changes coming to your capital gains and dividend income taxing.