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5 Smart Tax Moves to Make in February 2021

1. Fund Your IRA   Taxpayers with earned income can fund an IRA for 2020.  The due date for this contribution is April 15, 2021.  Taxpayers can fund up to $6,000 if they have this much in earned income. Taxpayers


PPP Loans 2.0 – > New loan application information

      In December 2020, legislation was passed authorizing the Paycheck Protection Program (PPP) version 2.0.  PPP 1.0 passed in March 2020 in response to the pandemic.   Prior PPP borrowers must meet all of the following conditions to

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FREE! Fifth-Annual SHRED WEEK!!

Our fifth-annual FREE SHRED EVENT is underway through Friday, January 22nd.   Stop by our Manchester office (360 East Center Street) between 8:30am-5:00pm to rid yourself of years of unnecessary paperwork!   Let your trusted CPA office dispose of your

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NEW -> How to Work with Your CPA Remotely <- VIRTUAL WORKSHOP

JOIN US FOR OUR FIRST VIRTUAL WORKSHOP! THIS THURSDAY! How to Work with Your CPA REMOTELY  * The NEW way of doing business *   When: Thursday, January 14, 2021 Where: from the comfort of your own home/computer Time: 12:30-1:00pm   LEARN

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CHANGES TO FORM 1099 – FORM 1099-NEC

Beginning with the 2020 tax year, the IRS will require business taxpayers to report amounts paid as nonemployee compensation on the new Form 1099-NEC instead of on Form 1099-MISC as was required in previous years. Generally, businesses will need to