Depending on which industry you work in, 2020 could have been a phenomenal year or a complete disaster. Regardless, it is now time to refocus on how you can streamline your personal and business budget for a strong 2021. Here are four ideas to help your family, your business, and your community thrive in the new year.
The US Senate and House of Representatives passed the $900 billion COVID-19 Relief Bill on December 21 and President Trump signed it into law on December 27. The bill provides several provisions for individuals and families, as well as several clarifications and updated provisions that are important for your business’s strategic planning – all of which we outline here.
It has been almost two decades since the IRS has updated the life expectancy tables used to calculate Required Minimum Distributions (RMDs), and it appears that once we reach the 20-year mark in 2022, the IRS will finally account for the fact that life expectancies have been increasing.
Saturday, November 28th is a day for us all to remember how important independent businesses are to our communities. As a way of saying thank you to these business owners and their employees, here are a few thoughts on how all of us as consumers can help our neighbors by buying local, as well as how businesses can get the most out of Small Business Saturday.
We realize that the rules around PPPL forgiveness have been constantly changing and many banks have not begun accepting applications, but our message to you is don't panic – you have time to get this right so you can receive as much loan forgiveness as possible.
Regardless of how your business has performed in 2020, you want to keep as much cash on hand going into 2021 so you are well-positioned for long-term growth. Here are the top four tax planning strategies we are discussing with our business owner clients.