by Jonathan Bill | Oct 8, 2020 | Biz Taxes, COVID-19, Small Business
I f you were among the first to receive a Paycheck Protection Program (PPP) loan, you may have recently received a notice from your lender that payment was due. This is because those early loans generally provided for a six-month deferral period. However, the SBA just...
by Jonathan Bill | Aug 31, 2020 | Biz Taxes, COVID-19, Small Business
Thanks to COVID-19, you may find yourself working from home — whether for the first time or more often than before. So can you claim a home office deduction when you file your 2020 tax return next year? First of all, if you are an employee, you are NOT eligible to...
by Jonathan Bill | Aug 13, 2020 | Biz Taxes, COVID-19, Small Business
In an effort to reduce the burden on workers, President Trump signed a memorandum on August 8 providing for the deferral of payroll taxes from September 1 through December 31, 2020. The new rule defers the employee portion of the old-age, survivors and disability...
by Jonathan Bill | Jul 30, 2020 | Biz Taxes, COVID-19
With new legislation being debated and constantly updated, it seems, the rules regarding Paycheck Protection Program (PPP) loans and loan forgiveness keep changing. So the current advice from experts is: Don’t rush into anything! Congress is currently trying to work...
by Jonathan Bill | Jul 17, 2020 | Biz Taxes, COVID-19, Small Business
Are you a “gig” worker? The gig economy, or sharing or access economy, is any activity where you earn income providing on-demand work, services or goods. Often, it’s through a digital platform like an app or website. Two of the most popular types are ride-sharing...
by Jonathan Bill | Jun 30, 2020 | COVID-19, Personal, Retirement
If you are retired now or planning on retiring soon, you’ll need to determine if any of your Social Security benefits will be taxed. It’s an important part of figuring your income and expenses during this time of your life. Since 1984, Social Security beneficiaries...
