
Helicopter View of Meals and Entertainment (2021-2022)
Have you missed partying and having business meals with your prospects, customers, and employees? Well, get ready to start again. Soon, COVID-19 will behind us.

Have you missed partying and having business meals with your prospects, customers, and employees? Well, get ready to start again. Soon, COVID-19 will behind us.

You report your business income as self-employed on Schedule C of your Form 1040 if you receive 1099 income, operate your business as a single-member

For the tax year 2021, Congress is giving away billions of dollars in additional tax credits on your Form 1040 individual tax return. These temporarily

The earned income tax credit (EITC) has been around for years. But for some folks, it’s never been worth as much as it will be

The new American Rescue Plan Act (ARPA) makes major, but temporary, changes to the federal income tax child and dependent care credit (CDCC). Except for

For the 2021 tax year only, the new American Rescue Plan Act (ARPA) makes big, taxpayer-friendly changes to the federal income tax child tax credit

If you are self-employed or operate as a Corporation, and you can’t get individual health insurance coverage through your spouse (or through Medicare), you can

If you are married, most likely you’ve always filed a joint tax return with your spouse. Most of the time, a joint return shows less

First, say thanks to the Consolidated Appropriations Act, 2021 (CAA), enacted December 27, 2020. It opened the door (retroactively and going forward) for Paycheck Protection

With the Consolidated Appropriations Act, 2021, millions of small-business owners like you now qualify for the employee retention credit (ERC) thanks to three big changes:
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