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 | 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...
by Jonathan Bill | Jun 17, 2020 | Biz Taxes, COVID-19, Small Business
Last week, the SBA released a revised Paycheck Protection Program (PPP) loan forgiveness application and a new EZ application. These new applications reflect the changes that were made to the PPP by the Paycheck Protection Flexibility Act of 2020, which passed on June...