Tax Updates for 2021

Does it seem like you just did your taxes? Even though you may have filed your individual return during the summer of last year, your 2020 tax return is due on April 15th! There are lots of changes this year,

SBA Announces Opening of Paycheck Protection Program Direct Forgiveness Portal

The  U.S. Small Business Administration (SBA) is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA.   This new change will help rush relief to over

Did You Take a Coronavirus Distribution (CVD) from One or More of Your IRAs in 2020? Find Out How to Avoid a Nasty Surprise Next Year!

Did you take a coronavirus distribution (CVD) of up to a combined limit of $100,000 from one or more of your traditional IRAs in 2020? You can recontribute the CVD amount(s) back into one or more traditional IRAs within three

Fourth Quarter PEPPERs are Available for Home Health Agencies and Partial Hospitalization Programs

Fourth quarter calendar year 2020 Program for Evaluating Payment Patterns Electronic Reports (PEPPERs) are available for Home Health Agencies (HHAs) and Partial Hospitalization Programs (PHPs). These reports summarize provider-specific data for Medicare services that may be at risk for improper

Business vs Personal Days While Traveling: Are You Missing Out on Tax Deductions?

The rules also affect your costs during the day. When you have an overnight business travel day, you generally deduct your costs of sustaining life for the day, such as breakfast, lunch, dinner, snacks, drinks, lodging, and taxis. Business days