• Restaurants and Businesses Benefit from Temporary Tax Break

Restaurants and Businesses Benefit from Temporary Tax Break

Article Highlights: New Business Tax Break Restaurant Purchased Meals Qualifying Restaurants Take-out Meals Lavish Limitations Taxpayer Presence Substantiation Congress has provided businesses with a temporary tax break as a means of helping the restaurant industry, which has been devastated by the COVID pandemic. Although the Tax Cuts and Jobs Act eliminated the business deduction for entertainment, it continued to allow a deduction for 50% [...]

By |2021-07-07T00:19:14+00:00July 6, 2021|Taxes|Comments Off on Restaurants and Businesses Benefit from Temporary Tax Break
  • 2021 - the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers

2021 – the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers

Article Highlights: Child and Dependent Care Credit Workers Can Set Aside More in a Dependent Care FSA Childless EITC Expanded Changes Expanding EITC for 2021 and Beyond Expanded Child Tax Credit Advance Child Tax Credit Payments This is an overview of the several tax benefits that were included in the American Rescue Plan Act recently passed by Congress that will impact families with children [...]

By |2021-07-07T00:19:22+00:00July 5, 2021|Taxes|Comments Off on 2021 – the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers
  • 7 Different Types of Income Streams for Your Business

7 Different Types of Income Streams for Your Business

No matter what type of business you operate, you rely on having a predictable flow of income to keep your bills paid. If you only have a single source of income and it suddenly falters, you're going to be in trouble. Having more than one income stream is an insurance policy against economic disaster. It provides a cushion to keep you afloat if your [...]

By |2021-07-07T00:19:30+00:00June 8, 2021|Business|Comments Off on 7 Different Types of Income Streams for Your Business
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