PPP Loan Deductibility
There’s both good news (for some) and bad news (for many) as we round the corner into December. And I’m not talking about our culture, or politics, or sports, or anything like that. I’m talking about TAXES. I’ll start with the good news. One of the difficult aspects of the Tax Cuts and Jobs Act […]
Audit-Proofing your Tax Returns
The IRS has apparently caught up on processing their backlogged mail that stacked up during COVID closures. Or, well enough, they say. That means that they are now resuming the mailings of tax-due notices to taxpayers with outstanding tax bills. If you receive one of these notices, get in touch with us immediately: 410-224-2600 Secondly, […]
Some PPP Forgiveness News…
You might have seen some rumors on this already, but I wanted to help make everything clear for you… A few weeks back I told you that there were some tax professional rumors circulating about “automatic forgiveness” for PPP loans under $150K. Remember that? Well, they did it! Except it is for even smaller loans […]
Do you accept credit cards? Then read this.
You may have already heard about the multi-billion-dollar legal settlement if you accepted credit cards from 2004-2019. Here’s the warning: you do NOT need a lawyer to claim your part of this settlement. But there are lawyers now advertising to do it all for you, for 20% of any recovery. All of the information you […]
Valerie McLaughlin’s “Real World” Personal Strategy Note The Good News!
First … some good news for the young (particularly those with student loans): The new CARES Act indicates that you do NOT need to pay interest or ANY payments on eligible student loans for six months. Through 9/30/20, borrowers will have no interest accrued and NO payments due. Even better, the adjustment will be automatic; […]
Financial Matters of the Heart
Is Your Accountant Proactive or Reactive?
Is Your Accountant Proactive or Reactive?
Year-End Tax Planning Checklist for Business
Tax Advantages for Real Estate Investor vs. Dealer
