Category Archives: Blog

Tax Changes Proposed in President Biden’s American Families Plan

Last week, President Biden addressed a joint session of Congress for the first time to reveal the details of his American Families Plan. The third in a series of proposals Biden released as part of his larger economic agenda, the … Read More

Tax Provisions in the American Rescue Plan Act of 2021 (Part Two)

Early last month, President Joe Biden signed the American Rescue Plan Act (ARPA) into law. A sweeping $1.9 trillion aid package, the ARPA is the latest major piece of legislation to provide economic relief and stimulus, both tax and non-tax, … Read More

Tax Provisions in the American Rescue Plan Act of 2021 (Part One)

Early last month, President Joe Biden signed the American Rescue Plan Act (ARPA) into law. A sweeping $1.9 trillion aid package, the ARPA is the latest major piece of legislation to provide economic relief and stimulus, both tax and non-tax, … Read More

Important Update: Tax Filing Extension for Texas Residents

USA and Texas flags in the wind and snow

Please be aware that all Texas residents now have until June 15, 2021 (instead of April 15) to file their tax returns and make tax payments, in light of the winter storms that occurred this month across the Lone Star … Read More

President-Elect Joe Biden’s Tax Agenda

Joe Biden

Last week’s Senate election results in Georgia give President-elect Joe Biden a much better chance at implementing the policies that he promised on the 2020 campaign trail, such as raising taxes on corporations, estates and high-income households. Even with the … Read More

Order Up! IRS Issues Final Regulations on the Deduction of Business Meals and Entertainment

Tax Cuts and Jobs Act

In 2017, the Tax Cuts and Jobs Act (TCJA) eliminated the deduction for entertainment, amusement, or recreation expenses and instituted new limitations on the deduction for food and beverage expenses, leaving many taxpayers and tax professionals unsure as to the … Read More

Tax Tips for Trying Times

The coronavirus pandemic has caused tremendous challenges, particularly for small business owners across the United States. In response, numerous state and federal agencies have implemented emergency relief programs, such as the CARES Act and the Paycheck Protection Program, to … Read More

Tax Day 2020 is Fast Approaching … Are You Up to Speed?

2020 taxes

For many, the coronavirus pandemic has established what is being referred to as the “new normal”. In the United States, with this “new normal” came a new tax day! Earlier this year, the Treasury Department provided relief for American … Read More

New Developments Around the Paycheck Protection Program: The IRS Makes Deductions Decision

Paycheck Protection Program

The Paycheck Protection Program (PPP), a Small Business Administration loan intended to help businesses keep their workforce employed during the COVID-19 crisis, may actually provide fewer benefits than originally assumed. As April came to a close last week, the IRS … Read More

CARES Act: The Takeaways

CARES Act

A highly anticipated coronavirus aid package was signed into law by President Trump at the close of last week on Friday, March 27th. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) serves as the most extensive COVID-19 related … Read More

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