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New Business? Tax Issues to Consider

New Business? Tax Issues to Consider

by PTF | Jan 8, 2021 | Articles, Business Services, Planning Services, Resource

Article Highlights: Business Entity Selection Start-Up Cost Elections Organizational Expenses Equipment Depreciation & Expensing Opportunities Vehicle Luxury Auto Rules Leasehold Improvement Expense Options In spite of COVID-19 restrictions many entrepreneurs are...
January 2021 Due Date Reminders

January 2021 Due Date Reminders

by PTF | Jan 7, 2021 | Business Services, Individuals, Resource

JANUARY 2021 INDIVIDUAL DUE DATES January 4 – Time to Call for Your Tax Appointment – January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes too...
SBA Questioning PPP Borrowers with Loans Over $2 Million

SBA Questioning PPP Borrowers with Loans Over $2 Million

by PTF | Jan 6, 2021 | Announcements, Articles, Business Services, News

Article Highlights: PPP Loans Affected Borrowers Loan Application Certifications SBA Compliance Questionnaires When Congress initially authorized the Paycheck Protection Program, its intent was to provide loans that would be partially or completely forgiven if used...
5 Resolutions QuickBooks Online Users Should Make for 2021

5 Resolutions QuickBooks Online Users Should Make for 2021

by PTF | Dec 30, 2020 | Articles, Business Services

New year, new challenges, and the potential for new successes. Here are five ways you can improve your financial management in 2021. A painful year is drawing to a close. We’ll still be dealing with COVID-19 and a struggling economy in early 2021, but there’s hope on...
IRS Releases Inflation Adjustments for 2021

IRS Releases Inflation Adjustments for 2021

by PTF | Dec 23, 2020 | Articles, Business Services, News, Resource

Article Highlights:    Standard Deduction Transportation Fringe Benefits Retirement Plans Contribution Limits SIMPLE Retirement Accounts IRA Contribution Limits Health Flexible Spending Accounts Education Credits Estate Tax Exclusion Annual Gift Exclusion Sec 179...
Your Annual Reminder to File Worker 1099s

Your Annual Reminder to File Worker 1099s

by PTF | Dec 21, 2020 | Announcements, Articles, Business Services

Article Highlights: 1099-NEC Filing Requirements Independent Contractor Filing Threshold Form W-9 Worksheet This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are...
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Recent Posts

  • Customers Paying Late? How to Create Statements
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  • How Can You Save a Business After the Owner Dies?
  • Here’s how to take a page from the ultra-wealthy playbook and make full use of Roth Individual Retirement Accounts
  • How Long Should You Keep Old Tax Records?

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      Customers Paying Late? How to Create Statements
    • Entrepreneur Success Story: How Canva Reached a $15 Billion Evaluation and Made Its Young Founders Billionaires
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      How Can You Save a Business After the Owner Dies?
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      Here’s how to take a page from the ultra-wealthy playbook and make full use of Roth Individual Retirement Accounts
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      How Long Should You Keep Old Tax Records?

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