Dec 30, 2020 | Advisory, Blog, Startup Business, Tax
Both businesses and individuals desire to keep as much of their hard-earned money as possible when it comes time to pay taxes. Many will be relieved to know the Consolidated Appropriations Act, 2021 (CAA) contains numerous provisions related to income taxes that help...
Dec 29, 2020 | Advisory, Blog, Startup Business, Tax
The Consolidated Appropriations Act, 2021 (CAA) that President Trump signed on December 27 includes several changes to the Paycheck Protection Program (PPP). The changes clarify the tax treatment of expenses funded with PPP loans, expand the program to businesses that...
Dec 29, 2020 | Advisory, Blog, Startup Business, Tax
To the relief of many, and after some delay, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) on the evening of December 27. The CAA, approved by Congress on December 21, provides $900 billion in relief related to the COVID-19 pandemic. The...
Dec 14, 2020 | Advisory, Blog, Press Releases, Startup Business, Tax
Charlottesville, VA – Recently, Forbes published its list of the top 450 tax and accounting firms in America for 2021, and Hantzmon Wiebel LLP, a Charlottesville based accounting and advisory firm, made the cut. Only nine other firms in Virginia received recognition...
Dec 4, 2020 | Advisory, Blog, Cybersecurity, Now You Know, Startup Business, Tax
Starting in January 2021, the IRS will expand the Identity Protection (IP) PIN Opt-In program to all taxpayers. In determining whether to enroll in the program, taxpayers should consider the benefits and the potential drawbacks. Read on for a complete overview of the...
Nov 17, 2020 | Advisory, Blog, Now You Know, Startup Business, Tax
Small business owners still have time to make tax planning moves to lower their 2020 federal income tax bills — and possibly lay the groundwork to save taxes in future years. Here are 10 ideas for small businesses to consider. 1. Claim Bonus Depreciation for 2020...