Estate & Tax Tips
Helpful tips to guide you on your financial journey
It is important to keep up with all of the changes regarding the CARES act. Check out the link below for information on RMD's being waived. Also read about the early withdrawal penalty not being admissable on retirement accounts for some individuals and so much more.
You may want to consider making a last-minute contribution to an IRA. It could help reduce your 2019 tax bill. If you qualify, your tradational IRA contribution may be tax deductible.
PPP Forgiveness - SBA Applicatioin:
The AICPA is working with the Small Business Administration to expand the time considered for the payroll deduction and hoping for further discussion for tax deductions of the expenses used by the loan. We will keep you updated.
Still crunching numbers to make ends meet during the Covid-19 pandemic? Check out these options provided by the AICPA that could help provide some relief.
Tax filing due dates are constantly changing. See the most updated list here.