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.
As we approach the end of the year, we want you to be aware of specific tax provisions that can help you lower your tax bill and keep more cash in your bank account. Below we have outlined the top four tax planning strategies we are discussing with our individual clients.
As we approach the final quarter of 2020, here are a few thoughts to help you and your business finish 2020 strong and be prepared to grow in 2021.