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New IRS Notice 2021-25: Some Business Meal Expenses are 100% Tax Deductible for 2021 and 2022
New IRS Notice 2021-25: Some Business Meal Expenses are 100% Tax Deductible for 2021 and 2022 A 2020 COVID-19 relief bill made taxpayer-friendly changes. The “Taxpayer Certainty and Disaster Tax Relief Act of 2020” (the Act), enacted as part of the “Consolidated Appropriations Act, 2021” (CAA 2021), which increased the business-meal deducti... Read More

What Professional Golfers Can Teach You About Investing for Retirement
What Professional Golfers Can Teach You About Investing for Retirement Now this may seem relatively straight forward or obvious; the goal in the game of golf is to hit the ball in the little hole hundreds of yards away with as few strokes as possible.   When developing a financial plan, defining your goal could be sa... Read More

The IRS Home Office deduction-do you qualify, pros and cons of taking it?
The IRS Home Office deduction-do you qualify, pros and cons of taking it? Since the beginning of the Covid-19 pandemic and the beginning of the work from home trend, some workers are now wondering if they are eligible to take advantage of an IRS tax break for home offices. In this article I will discuss the pros and cons o... Read More

How high income earners can use a Backdoor Roth IRA conversion to supplement their retirement savings
How high income earners can use a Backdoor Roth IRA conversion to supplement their retirement savings Many higher-income earners cannot use a regular Roth individual retirement account (IRA) thanks to strict income caps on contributions to these accounts. So if you are someone who is a professional that makes over $100,000 a year and you may want to ... Read More

11 Things to Keep in Mind for Filing Your 2020 Income Taxes
11 Things to Keep in Mind for Filing Your 2020 Income Taxes 2020 tax filing season begins Feb. 12, 2021 which is fast approaching, and the Covid-19 stimulus aid has made filing your 2020 tax filings a little more complex. This article covers 11 tips for you to review as you are getting prepared and organized ... Read More

PPP Loans Round 2: Requirements, Eligibilty, Application Process for Small Businesses
PPP Loans Round 2: Requirements, Eligibilty, Application Process for Small Businesses Congress passed a 2nd COVID economic stimulus package, which is another round of PPP loans for businesses. The $284 Billion of PPP round 2 loans come with some changes to loan forgiveness, eligibility requirements and limits on loan amounts. Here is... Read More

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2020 Taxes | 2021 Taxes | Economic Aid Act | home office deduction | IRA | Paycheck Protection Program | PPP Loans | retirement | Taxes | work from home |