August 7th, 2020

Is your school districts using a hybrid and/or remote learning model this fall? You can deduct certain expenses, such as classroom supplies and training to reduce the amount of tax you owe when filing next year’s tax return. You must be a kindergarten through 12th grade teacher, instructor, counselor, principal, or aide to qualify and […]

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August 6th, 2020

“On August 4th, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the first substantive guidance provided since June 25th in the form of another set of FAQs to provide borrowers and lenders with further guidance on Paycheck Protection Program (PPP) loan questions. The guidance was provided by the SBA […]

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August 4th, 2020

I recently shared the idea of the business coaching concept of the six hats from the Late Dr. de Bono with our readership and I wanted to go into more detail about the hat that is going to change the way you look at your business. This creative hat will help you find new and innovative ways to serve your customer […]

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hands signing document

July 31st, 2020

The IRS issued final regulations (PDF) from the Tax Cuts and Jobs Act limiting the deduction for business interest expense. For tax years beginning after December 31, 2017, business interest expense deductions are limited to the sum of: the taxpayer’s business interest income; 30 percent (or 50 percent, as applicable) of the taxpayer’s adjusted taxable […]

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