FEATURED ARTICLES & TAX TIP BLOG

From Pinnacle Wealth Planning Services / Broadridge Advisor Solutions —    On August 8, 2020, the president issued an executive order to allow the deferral of certain payroll taxes during the last four months of 2020, and the IRS recently provided related guidance....

From CNBC —  Senate Republicans introduced a new, less generous coronavirus aid bill Tuesday that includes a continuation of the $300 per week in enhanced unemployment benefits through late December, but, notably, no second round of stimulus checks. The GOP’s...

From The Motley Fool — ​ Eager as you may be to get that loan forgiven, it could pay to wait Though the COVID-19 pandemic has done a number on the economy, small businesses have perhaps been hurt the most. Over 100,000 small businesses have closed permanently in the...

From The New York Times — So COVID-19 and social distancing have turned you into a digital nomad. You’re working from home — in a different city than your office. Or maybe you’re even using the pandemic as a chance to work remotely from a vacation home, or a family...

From KM&M CPAs/Thomson-Reuters —   If you suffered a personal casualty loss due to a recent event, you might be entitled to a tax deduction. The deduction is generally available for casualty losses incurred in a federally declared disaster, such as a major...

From the Pinnacle CPA Advisory Group, a KM&M CPAs affiliate — This checklist was prepared for our clients and friends as a quick way to identify eligible programs. Please contact us for the details. Many of the details are not available yet from the...

From the KM&M CPAs Newsletter/Thomson-Reuters —  Retroactive measures in CARES Act merit a look at previous returns, as far back as 2013 If you own a business, consider the following strategies to minimize your tax bill for 2020. Thanks to the retroactive nature...