Members of the tax community struggle with the “solo corporate owner” qualification for the employee retention credit (ERC). In their recently published The Employee Retention

The Consolidated Appropriations Act (CAA) was signed into law on December 27, 2020. The legislation adds a few new federal income tax breaks for businesses

For 2018-2025, you (and estates and trusts) can use your qualified business income (QBI) to create the 20 percent deduction under Section 199A. While federal

Bad things can happen to good business property. Fires, floods, freezes, and other disasters can damage or destroy the personal or real property you use

On December 27, 2020, the new Consolidated Appropriations Act (CAA) became law. Until then, several temporary COVID-19 related federal tax relief measures were set to

We seem to be living in an age of natural disasters. Uninsured losses to the personal non-business property such as your home, personal belongings, or

Two things to know about the Paycheck Protection Program (PPP) first draw enacted on December 27, 2020: The first draw is for those who missed

A financially comfortable loved one has passed away. In this year of seemingly endless bad news, sadly, that’s not an uncommon situation. The now-deceased loved

A financially comfortable loved one has passed away. In this year of seemingly endless bad news, that’s not an uncommon situation—sad but true. The now-deceased