Tax season can be stressful for everyone, but it's especially challenging for business owners right now. If you run a small business, you're probably already struggling to balance multiple priorities.…

The CARES Act is intended to provide critical support to the many small businesses that form the core of our economy and employ so many individuals. This ambitious package includes so many different m…

After days of tense Congressional debate, several alternative versions, and a contested vote over a previous package, Congress has agreed on and passed an enormous new emergency economic relief bill. …

Involuntary unemployment can happen at any time, and the United States government has programs in place to lighten the load for Americans who are affected. Established in the 1930s, the Federal Unempl…

If your nonprofit organization is looking to be exempt from federal taxes, you must fill out Form 1023. Just a warning, it’s a long, laborious process to complete this 31-page form, especially if you’…

Prior to the 2018 tax year, when you filed your personal income tax return with the IRS, you had a choice of three basic tax forms to select from: Form 1040, Form 1040A, and Form 1040EZ. The one you u…

Going to be late filing your personal or business tax return this year? Maybe you had an illness or family emergency. Maybe you don’t have all the documentation you need, or maybe your business is goi…

The key advantage for forming an S corporation is the considerable savings from self-employment taxes. S corporations have many more rules and regulations than other entities. If you are an S corporat…

Schedule C determines whether your business income is a profit or a loss. Completing a Schedule C will require a lot of documentation, and it comprises several parts. You may learn that if you complet…