A letter from our President about the Extended Tax Filing Deadline July 15th Dearest Tax Defense Ohio Friends, Hello & hope all is well! We know the COVID-19 lockdown has thrown the world for a loop, and we wanted to follow up on your tax returns for the 2019 tax year. If we prepared your 2019 tax return(s) already,...
If you've received a PPP Loan, you probably have questions about how it should be used. There are certain things you need to know to get PPP Loan forgiveness, and we're here to help. Here are 5 things you should do to make the forgiveness process as painless as possible. 1. Keep the PPP Loan Separate We've...
If you haven't heard, there have been talks about another round of stimulus checks for a while. Last week, the Health and Economic Recovery Omnibus Stimulations (HEROES) Act was passed through the House of Representatives. As it moves toward the Senate, there are many questions about what it entails. For your convenience, here are the 10...
COVID-19 led to a lot of financial changes. In the midst of layoffs, the Paycheck Protection Program was established to give small business owners a way of keeping up with payroll and expenses. Additionally, stimulus checks have gone out to qualifying individuals across the country. However, there hasn't been much talk about S-Corp tax relief. If...
The Tax Cuts and Jobs Act changes a few things. One of the biggest changes was increasing the standard deduction. The increase was so drastic that most taxpayers will take it rather than itemize. However, it's important to know the difference between the two deductions, how they work, and which one is better for you. Important...
Need Tax Help Now? Call Us!