Because of this year’s unforeseen economic slowdown, many businesses and individual are unexpectedly looking for liquidity. One way to raise cash is to sell off real property such as land or a building. Finding a buyer may not be easy, but an installment sale might help. An installment sale occurs when you transfer property in [...]
The sudden and severe impact of the novel coronavirus (COVID-19) pandemic has created much financial stress, but the crisis has also generated an intense need for charitable action. If you’re able to continue donating during this difficult period, the Coronavirus Aid, Relief, and Economic Security (CARES) Act may make it a little easier for you [...]
For many businesses, retaining employees has been difficult, if not impossible. If your company has been able to keep all or some of its workers, you may still be able to qualify for the payroll tax credit created under the Coronavirus Aid, Relief and Economic Security (CARES) Act, known as the Employee Retention Credit. ASSESSING [...]
The novel coronavirus (COVID-19) crisis has spurred much confusion and unprecedented economic challenges. It has also created ample opportunities for dishonest individuals and criminal organizations to pretty on the anxieties of many Americans. As the year rolls along, fraud schemes related to the crisis will continue as well, potentially becoming even more sophisticated. Here are [...]
July 15* Due date (without extension) for the following: 2019 individual income tax payments and return filing on Form 1040.2019 calendar-year corporate income tax payments and return filing on Form 1120.2019 estate and trust income tax payments and return filing on Form 1041.2019 calendar-year exempt organization return filing on Forms 990 or 990PF and business [...]
Make QuickBooks work faster for you by changing a few settings. Whether your business has been locked down because of the pandemic, or you’re scrambling to hold things together with fewer employees or diminishing sales, you’re probably leaning on QuickBooks more than ever. You may be watching dwindling inventory items closely or monitoring your daily [...]