“Marriage Penalty” Update for 2020 Taxes

“Marriage Penalty” Update for 2020 Taxes

Recently there have been some developments regarding so-called “marriage penalty” that some couples experience when filing taxes. This penalty occurs when spouses that have similar gross incomes pay more in taxes when filing jointly than they would if they had...
Business Licenses

Business Licenses

Are you an entrepreneur operating a business? Are you aware that you will have a business license that most likely needs to be filed in the next month or two in order to operate in compliance? This also applies if you’re working from a home-based business....
Getting Money

Getting Money

https://youtu.be/MBmKKhfN4UU Do you often struggle with collecting the money due to you for services you’ve provided? Do you wish you could have a streamlined process that would make collection easier? I have a few tips for you that can hopefully help you in...
IRS Payment Options

IRS Payment Options

https://youtu.be/jsWi7WFCUKQ If you are an individual, family, or a business owner and struggling to pay your income taxes, the IRS has some payment plans that may help you.  The first one is an installment agreement. This would allow you to make a payment plan...
Minimum Wage Increases Taking Effect

Minimum Wage Increases Taking Effect

It’s that time of year again to talk about minimum wage increases scheduled to take effect January 1 (December 31, 2020 in the case of New York State). With the pandemic seriously impacting businesses and their struggle to stay open, I’d hoped that there would be stay...
Deductibility of Alternative Health Plans

Deductibility of Alternative Health Plans

Have you noticed that the cost of insurance has gone up year after year? Are you aware that premiums have increased over 54% since 2009?  The IRS has recently issued regulations that may help you with the cost of your insurance. It has now allowed two different...
Exciting News! PPP Forgiveness is Here!

Exciting News! PPP Forgiveness is Here!

Are you an employer who received a PPP loan and were waiting to find out if the IRS guidelines of non-deductibility were going to remain, or if Congress was going to make an adjustment? Well, I have great news for you! As of Monday, December 21st, Congress passed a...

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