Paid Sick and Medical Leave under the Coronavirus Response Act: Who pays What
This new law requires certain employers to provide emergency paid sick leave in certain circumstances, as well as provide additional time off to employees under the Family Medical Leave Act who need to take care of a family member effected by the virus.
The Dust Settles: 2020 IRS Tax Filing Deadlines Update
However, this doesn’t mean taxpayers can avoid filing their tax return OR an extension by April 15th. The tax return is still due! It’s simply that taxpayers can wait to make payment on a certain amount of taxes for 90 days.
Maximizing the Home Office Deduction in 2020
The Home Office Deduction is still alive and well…don’t let any accountant tell you otherwise. There are several strategies on how to maximize the Home Office Deduction. It is NOT high risk and every good business owners should take advantage of a home office write-off.
5 Hot Tax Deductions for Your Business before You File in 2020
I truly believe that far too many business owners, CPAs and Tax Preparers are overly conservative and miss out on important expenses that we are entitled to.
Writing Off Dining and Food Expenses under the New Tax Law
Things have changed in 2018 when it comes to writing off meals and food expenses in your small business. Entrepreneurs, have to reevaluate their budget for the food and dining.
Where to Set-up my Corporation or LLC
Choosing the State in which to set-up your corporation or LLC is actually a very straightforward decision. Don’t let someone talk you into setting up your new entity in Nevada, Delaware, Wyoming or Utah…just to name a few.
The New Home Mortgage Interest Deduction
The new law first imposes a lower dollar limit on mortgages qualifying for the home mortgage interest deduction. Beginning in 2018, taxpayers may only deduct interest on $750,000 of new qualified residence loans ($375,000 for a married taxpayer filing separately), and the limits apply to the combined amount of all mortgage loans. Moreover, the extra $100,000 of home equity interest is gone entirely.
The Domestic Asset Protection Trust in 2020
The Domestic Asset Protection Trust is the most cutting edge and most affordable asset protection tool in America today. However, they aren’t statutorily recognized in each state, and because of this one has to be careful when and how to use this specialized trust....
How to Hide Your Home Address from the Public
It’s scary for many of us to think where our address is posted publicly and how easy it would be for someone to find it.