ConnollySteeleJan 25, 20212 minOne reason to file your 2020 tax return earlyThe IRS announced it is opening the 2020 individual income tax return filing season on February 12. (This is later than in past years...
ConnollySteeleJan 25, 20212 minPPP loans have reopened: Let’s review the tax consequencesThe Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re...
ConnollySteeleDec 30, 20203 minYour taxpayer filing status: You may be eligible to use more than oneWhen it comes to taxes, December 31 is more than just New Year’s Eve. That date will affect the filing status box that will be checked on...
ConnollySteeleDec 30, 20202 minThe right entity choice: Should you convert from a C to an S corporation?The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses...
ConnollySteeleDec 30, 20202 minPrevent and detect insider cyberattacksIn one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen...
ConnollySteeleDec 30, 20202 minThe next estimated tax deadline is January 15 if you have to make a paymentIf you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must...
ConnollySteeleDec 30, 20202 min2021 Q1 tax calendar: Key deadlines for businesses and other employersHere are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep in mind...