by PTF | Jan 7, 2021 | News, Resource
Finally, the COVID Relief Package Is Law Article Highlights Additional 2020 Recovery Rebates Paycheck Protection Program (PPP) Loans & Small Business Support Clarification of Tax Treatment of Covered Loan Forgiveness Expenses Business Meals Educator Expense...
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...
by PTF | Dec 28, 2020 | Articles, Planning Services, Resource, Tax Preparation
Article Highlights Take Full Advantage of Your Deductions Traditional IRA Contributions at Any Age Make Charitable Contributions with IRA Funds Larger-than-Normal Charitable Contributions May Be Possible Deducting Charitable Contributions Without Itemizing Marital...
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...
by PTF | Dec 18, 2020 | Articles, Misc, Resource
Article Highlights: De Minimis Fringe Benefits Cash Gifts Gift Certificates Group Meals FICA and Wage Withholding It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a fair market value so...
by PTF | Dec 16, 2020 | Articles, Planning Services, Resource
As the end of the tax year approaches, it is worth spending a few minutes reviewing some of the changes that have been made in the tax laws surrounding donations to charities. In some cases, this guide will serve as a refresher regarding revisions made over the last...
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