Business Taxes

The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans


The Paycheck Protection Program rolled out with great fanfare to help save small businesses during the coronavirus pandemic. But something the IRS just did could decimate much of that benefit. Full credit to: BRUCE WILLEY, JD, CPA | American Tax & Business Planning May 8, 2020 The IRS just did something that stunned me. It pulled the rug...

Small Business Tax Tips – How To Avoid Interest and Penalties


A small business owner often wears many different hats. They might have to wear their boss hat one day, and the employee hat the next. When tax season comes around, it might be their tax hat. They may think of doing their taxes as just another item to quickly cross off their to-do list. However,...