Blog
What’s The Deal With Opportunity Zones?
The Tax Cuts and Jobs Act introduced a new tax-lowering investment tool called Qualified Opportunity Zones (QOZs). Those willing to invest long-term in QOZs receive special tax advantages. But...
Coronavirus Help: Federal Tax Relief and Loans
The coronavirus pandemic has turned the construction industry on its side. As the federal government scrambles to provide relief, a few tax and small business provisions have started to appear...
Loans for COVID-19 Affected Small Businesses
The federal government has approved the release of small business loans for those affected by the coronavirus pandemic. Nearly $350 billion in loans will be administered by the SBA, including...
Federal Tax Deadline Extended to July 15
The Treasury Department and IRS have officially announced the federal income tax filing and payment due date is extended from April 15, 2020, to July 15, 2020. Included in this extension are...
Coronavirus Economic Relief Is on Its Way
The U.S. Senate unanimously passed an economic stimulus package by a vote of 96-0. Below is a brief summary of the bill, which the House of Representatives is expected to also pass. The bill...
New IRS Tech Sniffs Out More Tax Criminals Than Ever Before
Think dealing in cryptocurrency or on the dark web will help you hide from the IRS? Assume the IRS is still relying on its old manual processes to flag returns? Think again. The IRS is getting...
Tax-Free Education: A Study Guide
Going back to school? Want to help with a family member’s education expenses? Each one of these non-traditional learning routes can come with tax benefits. For your career: Ready to hit the...
Special Tax Considerations for Partnerships
The IRS is stepping up scrutiny of partnerships and is requesting more information concerning partnership arrangements going forward. For the most part, capital basis reporting requirements...
Are You Deducting It?
Running your own business? Small business deductions can really add up for entrepreneurs. And while many business owners are on top of deductions like meals and entertainment, mileage, and...
Savvy Finance: Are You Deducting It?
Running your own business? Small business deductions can really add up for entrepreneurs. And while many business owners are on top of deductions like meals and entertainment, mileage, and...