by Abraham Finberg | Oct 22, 2020 | Tax
At this point, most people have heard about relief measures the government has enacted in the wake of Covid-19, but there remains one opportunity to harvest that has had little discussion surrounding it—Section 139 Qualified Disaster Payments. Background Section 139... by Abraham Finberg | Oct 19, 2020 | Accounting, Business Tips, Tax
Keeping your accounting records up to date all year long is essential for any business so you can see exactly where your business stands and be able to make thoughtful decisions based on clean numbers. At year-end, there are a few extra accounting tasks to finish so... by Abraham Finberg | Oct 8, 2020 | Tax
Many people erroneously believe that state unemployment compensation is not considered taxable income, resulting in quite an unpleasant surprise at tax time when they realize their mistake. With a record number of Americans filing for unemployment benefits due to the... by Abraham Finberg | Oct 7, 2020 | Tax
Who doesn’t want to pay less taxes, as long as it’s legally permitted? Here are nine tips to consider taking action on before 2020 comes to a close. Maximize Retirement Contributions Through Your Employer’s 401(k) Plan This type of plan allows you to contribute... by Abraham Finberg | Oct 7, 2020 | Business Tips
Treasury and the IRS recently released final regulations under Section 163(j) of the Tax Code, which relates to limitations on the deduction of business interest expense. This section was revised as part of the 2017 Tax Cuts and Jobs Act (TCJA) and was further...