A sales tax is a consumption tax exacted by the government for the sale of goods or services. An established sales tax is levied at the store, collected by the retailer, and sent to...
Posted by Tim Thompson CPA PLLC on 07/16/2020
Prices of securities in the past two months have gone haywire. One day stocks are crashing, the next day it’s zooming. There could be a bizarre dip of a low-risk bond fund in...
Posted by Tim Thompson CPA PLLC on 06/23/2020
Congratulations! You’ve finally retired. For most people, retirement is a huge accomplishment. Sometimes, retirement means setting aside enough money to stop working for someone...
The CARES Act recently passed into law some measures to stimulate the economy. There is a provision that allows retirees to stop taking Required Minimum Distributions (RMD) from 401(k)...
Posted by Carmen Garcia on 06/22/2020
Health Coverage Tax Credit is a federally funded program designed to assist people certified as displaced workers by the United States Department of Labor, and those who are over 55...
Posted by Don Bell Law on 06/22/2020
The paycheck protection program is a product of the CARES Act. It is available to business owners via institutions like the bank of America. It allows businesses to borrow money and...
Posted by Elliot Kravitz, ATP on 06/22/2020
Your estate planning is not completed without the medical power of an attorney. Also called the durable power of attorney, it is a legal document that authorizes someone to take some...
Posted by Elliot Kravitz, ATP on 06/22/2020
2020 has been a unique year with lots of activities and interesting policies. With the distraction from the COVID-19 pandemic, it is easy to forget essential tax rules necessary. Also,...
Due to the coronavirus pandemic, the IRS recently announced a 90-day tax payment extension in the U.S. For most Americans, it can be confusing as to what it covers and what the extension...