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IS 2021 THE YEAR TO SELL YOUR CAPITAL ASSETS?

IS 2021 THE YEAR TO SELL YOUR CAPITAL ASSETS? I do not typically like to comment on legislation until I’m…

Jeff Skolnick

IRS PROVIDES SAFE HARBOR FOR PPP RECIPIENTS CLAIMING DEDUCTIONS

IRS PROVIDES SAFE HARBOR FOR PPP RECIPIENTS CLAIMING DEDUCTIONS The IRS issued Revenue Procedure 2021-20 on Thursday April 22nd. This…

Jeff Skolnick

HOW TO DEAL WITH MAY 17TH AND PLAN AHEAD FOR NEXT YEAR

HOW TO DEAL WITH THE UPCOMING MAY 17TH DEADLINE As all of you know, the income tax deadline for filing…

Jeff Skolnick

ESTIMATED INCOME TAXES DUE BY APRIL 15TH

ESTIMATED INCOME TAXES DUE BY APRIL 15TH IMPORTANT FILING DEADLINES As most, if not all, of you know the Federal income…

Jeff Skolnick

UPDATES TO TAX CALENDAR, UNEMPLOYMENT, PPP, AND RECOVERY REBATES APRIL 4, 2021

UPDATES TO TAX CALENDAR, UNEMPLOYMENT, PPP, AND RECOVERY REBATES APRIL 4, 2021 IMPORTANT FILING DEADLINES As most, if not all,…

Jeff Skolnick

UPDATES TO FILING DEADLINE, RECOVERY REBATES, SOFTWARE UPDATES, RMDs & PPP

UPDATES TO FILING DEADLINE, RECOVERY REBATES, SOFTWARE UPDATES, RMDs & PPP FILING DEADLINE EXTENDED The IRS announced last week that the Federal income…

Jeff Skolnick

HOUSE PASSES PPP DEADLINE EXTENSION

HOUSE PASSES PPP DEADLINE EXTENSION Last night (Tuesday March 16th) the House of Representatives voted 415 -3 to extend the…

Jeff Skolnick

AMERICAN RESCUE PLAN ACT OF 2021

AMERICAN RESCUE PLAN ACT OF 2021 On Thursday afternoon March 11th Joe Biden signed the $1.9 trillion dollar stimulus bill…

Jeff Skolnick

GUIDANCE ON PPP CHANGES AS OF MARCH 3 2021

GUIDANCE ON PPP CHANGES AS OF MARCH 3 2021 On March 3rd, the IRS issued guidance on new rules pertaining to…

Jeff Skolnick

EMPLOYEE RETENTION CREDIT INTERACTION WITH PPP GUIDANCE

EMPLOYEE RETENTION CREDIT INTERACTION WITH PPP GUIDANCE On March 1st, the IRS issued guidance on Employee Retention Credits (ERCs). I am…

Jeff Skolnick