Jones, Little & Co., CPA's, LLP

Third stimulus check: Will you get a $1,400 check?

See what Uncle Sam is debating for American citizens in regards to the third potential economic impact stimulus payment.

https://www.cbsnews.com/news/third-stimulus-check-income-2021-02-24/

Third stimulus check: Will you get a $1,400 check? As lawmakers debate the next round of stimulus aid, some want to limit the number of people who would get a check.

Joe Biden's tax plan could take a bite out of some small businesses

How will the new president's tax plan affect your small business? Read more here to see if you'll be affected.

https://fortune.com/2020/10/22/joe-biden-tax-plan-2020-election-small-business/

Joe Biden's tax plan could take a bite out of some small businesses Biden's plan to reverse Trump-era tax cuts could take a heavy toll on "pass through" entities.

The Big List of Small Business Tax Deductions (2021) | Bench Accounting

What can your small business deduct? There's a list of things that you might not even know about here: https://bench.co/blog/tax-tips/small-business-tax-deductions/

The Big List of Small Business Tax Deductions (2021) | Bench Accounting Here's a big list of small business tax deductions commonly available to entrepreneurs. Check it twice, and make sure you're claiming everything you can.

February 2020 Tax Season Filing Tips

Covid-19 is in the air. Love is in the air. And so is the start of individual tax filing season. This year, the IRS opens up to receive these tax filings on February 12th.

https://www.dontmesswithtaxes.com/february-2020-tax-season-filing-tips.html

February 2020 Tax Season Filing Tips Leaping at the chance of an extra day to work on taxes! The shortest month of the year also isn't just the one for romantic hearts and flowers. It's also the heart of filing season. This year, though, is special. It's a Leap Year. While the addition of Feb. 29 won't help this month's Valentine sweet...

Biden’s Tax Plans For His First 100 Days—His Stimulus Tax Proposals Are Just The Beginning

See what this new year - and the new President of the United States - has in store for you and your taxes.

https://www.forbes.com/advisor/taxes/bidens-tax-plan-for-first-100-days/

Biden’s Tax Plans For His First 100 Days—His Stimulus Tax Proposals Are Just The Beginning This story is part of a series on the new Biden administration and what Biden has planned for his first 100 days—and beyond. President-elect Joe Biden campaigned on a promise to boost Americans’ finances by raising taxes on wealthy Americans and corporations—but how long will it take for these...

Tax Season 2021: What You Need to Know

https://www.daveramsey.com/blog/tax-season-what-you-need-to-know #:~:text=First%2C%20here%20are%20the%20main,for%20married%20couples%20filing%20jointly.

Tax Season 2021: What You Need to Know Thanks to the coronavirus, this tax season is going to look a lot different. Here’s everything you need to know to help you file your taxes with confidence.

Essential tax tips for 2021

Did you collect unemployment for the first time ever this year? Did you receive a stimulus check? How will these affect your 2020 taxes?

https://www.foxbusiness.com/personal-finance/tax-tips-for-2021

Essential tax tips for 2021 Many taxpayers may be faced with different circumstances this year owing to the pandemic.

January 2021 Tax Tips

Check out these tax tips for January 2021!

https://www.dontmesswithtaxes.com/january-2021-tax-tips.html

January 2021 Tax Tips Happy New 2021 Tax Year! It's got to be better than 2020, right? Right?!? Hello 2021. I cannot tell you how happy we and this is not the royal we; I'm speaking for myself and all are to see you arrive. We all know that you're not going to immediately turn all the crazy that was 2020 around, even in....

How Will the Biden Tax Plan Affect Your Small Business?

How will the new president's tax plan affect your small business?

https://www.entrepreneur.com/article/358695

How Will the Biden Tax Plan Affect Your Small Business? Here's what the Biden tax plan would mean to a successful small business owner.

Jones, Little & Co., CPA's, LLP updated their website address.

Jones, Little & Co., CPA's, LLP updated their website address.

These entrepreneurs want a second PPP loan. What you should know if you're applying for more money

The pandemic has caused an economic crisis. Small businesses everywhere have shut down already, but the second round of PPP just might allow more small businesses to survive through the winter season and into spring.

https://www.cnbc.com/2021/01/16/what-to-know-if-youre-applying-for-second-ppp-loan.html

These entrepreneurs want a second PPP loan. What you should know if you're applying for more money These entrepreneurs want a second PPP loan. Here's what you should know if you're applying for more money.

The Estate Tax May Change Under Biden, Affecting Far More People

Political party changes often mean tax law changes, making it harder to figure out what the best "long-term" financial decisions are.

https://www.nytimes.com/2021/01/15/your-money/estate-tax-biden.html

The Estate Tax May Change Under Biden, Affecting Far More People In contrast to previous changes, the tax code could be modified in a way that affects everyone who has something of value to leave to heirs.

Year-round Tax Tips and Money Moves

Make your money work for you, not against you, with these tax tips.

https://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/year-round-tax-moves.html

Year-round Tax Tips and Money Moves The key to cutting your taxes is to make the proper moves not just on April 15, but all year round. These tips will help ensure that you don't miss any tax-saving opportunities. You'll find an ongoing collection of Tax Tips (just click that phrase), which includes all the posts that are tagged with....

IRS 2020 Progress Update Shows Compliance Efforts During the Year of Covid

The 2020 Annual Progress Update has been released, describing the agency’s work delivering taxpayer service and compliance efforts during COVID-19 while spotlighting actions taken by IRS employees to help people during the challenging year.

https://www.cpapracticeadvisor.com/tax-compliance/news/21204855/irs-2020-progress-update-shows-compliance-efforts-during-the-year-of-covid

IRS 2020 Progress Update Shows Compliance Efforts During the Year of Covid The 2020 Annual Progress Update has been released, describing the agency’s work delivering taxpayer service and compliance efforts during COVID-19 while spotlighting actions taken by IRS employees to help people during the challenging year.

4 tax moves to make in January 2021

Tip Number 1 for filing your 2020 taxes is to Hire A Tax Pro! Thanks to the year of the the coronavirus pandemic bringing about lots of tax law changes and year-end legislation, there is bound to be more questions surrounding how you file your taxes.

https://www.dontmesswithtaxes.com/2021/01/4-tax-moves-to-make-in-january-2021.html

4 tax moves to make in January 2021 Photo by Olya Kobruseva via Pexels Happy New Year! Oh, sorry. Was I typing too loud? I'm glad you were able to festively, and I hope safely, ring in 2021. Now that it's here, it also brings a new tax filing season. The Internal Revenue Service's delivery of the second round of COVID-19 relief money....

Steps to Take Now to Get a Jump on Next Year’s Taxes | Internal Revenue Service

Not always fun to read, but always an important resource is the IRS website. Check out their individual filing recommendations:

https://www.irs.gov/individuals/steps-to-take-now-to-get-a-jump-on-next-years-taxes

Steps to Take Now to Get a Jump on Next Year’s Taxes | Internal Revenue Service Steps to Take Now to Get a Jump on Next Year’s Taxes

8 Ways Your Taxes Will Differ When You File in 2021

HAPPY NEW YEAR! 2020 has finally ended! Here's to a much, much better 2021! See this article for the differences in the ways you may be filing your taxes this year.

https://web.blockadvisors.com/2021-taxes-differences/

8 Ways Your Taxes Will Differ When You File in 2021 Whether you filed your 2019 taxes yet or not, believe it or not, you can begin thinking about start thinking about your 2020 return—due April 15, 2021. The sooner you educate yourself about tax changes, the more time you will have to take advantage of them. (Remember, there are advantages to filin...

Make These 6 Money Moves in December to Maximize Your 2020 Tax Benefits

Make your money work for you before the end of the year!

https://money.com/end-of-year-2020-tax-deadlines/

Make These 6 Money Moves in December to Maximize Your 2020 Tax Benefits Your future self will thank you.

New Stimulus Bill Includes Second Round of PPP Loans for Small Business and Forgiveness Rule Changes Favorable to Borrowers

Are the PPP loan forgiveness rules changing for the better for borrowers?
https://www.entrepreneur.com/article/362143

New Stimulus Bill Includes Second Round of PPP Loans for Small Business and Forgiveness Rule Changes Favorable to Borrowers Congress finally passed further Covid relief, and it potentially bodes well for a range of small businesses.

Here's what's in the second stimulus package

A Second Stimulus Package has been decided upon. Read all about it!

https://www.cnn.com/2020/12/20/politics/second-covid-stimulus-package-details/index.html

Here's what's in the second stimulus package Leaders in the House and Senate reached an agreement late Sunday on a $900 billion pandemic relief bill that includes enhanced unemployment benefits and direct cash payments.

22 Smart Tax Moves to Make Before the End of the Year

What should I do before the end of the year for my taxes?
https://blog.cheapism.com/year-end-tax-moves-15199/ =3

22 Smart Tax Moves to Make Before the End of the Year Have you done your charitable giving for the year? Paid off medical bills? Those are just two moves you should make to lock in tax savings for April. But hurry, because the deadline to act is Dec. 31.

With Biden Tax Plan, Should You Accept 2020 Pay Or Delay Until 2021?

PAY OR DELAY?

https://www.forbes.com/sites/robertwood/2020/12/01/with-biden-tax-plan-should-you-accept-2020-pay-or-delay-until-2021/?sh=7c4aed1b4c4a

With Biden Tax Plan, Should You Accept 2020 Pay Or Delay Until 2021? Pay me next year requests are common this time of year, but many people assume taxes are going up. President Elect Biden has proposed hiking tax rates from 37% to 39.6%, plus taxing long-term capital gains and qualified dividends at ordinary income tax rates on income above $1 million.

2020 year-end tax tips: What we do know and what we should know

https://www.accountingtoday.com/list/2020-year-end-tax-tips-what-we-do-know-and-what-we-should-know

2020 year-end tax tips: What we do know and what we should know Here are some obvious and not-so-obvious year-end tax tips to consider as we prepare ourselves and our clients for the new year.

Tax Season 2021: What You Need to Know

Don't let 2020 end without thinking about your taxes in 2021. Tax Day is Thursday, April 15, 2021 and you need to what's changed, what's stayed the same, and what to do to optimize your 2020 tax return. Assess things now while there's still time to affect 2020's tax return in your favor!

https://www.daveramsey.com/blog/tax-season-what-you-need-to-know

Tax Season 2021: What You Need to Know Thanks to the coronavirus, this tax season is going to look a lot different. Here’s everything you need to know to help you file your taxes with confidence.

Council Post: When And Why Your Small Business Needs An Accountant

https://www.forbes.com/sites/theyec/2020/02/07/when-and-why-your-small-business-needs-an-accountant/?sh=75cea55d49cb

Small businesses need accountants too.

Council Post: When And Why Your Small Business Needs An Accountant When you consider the cost of your time, getting an accountant to handle your complex finances makes a lot of sense.

Are you receiving unemployment? Read this before filing your taxes

Lots of people received unemployment this year. Make sure you know how receiving unemployment compensation will affect your taxes.

https://www.marketwatch.com/story/are-you-receiving-unemployment-read-this-before-filing-your-taxes-2020-07-06

Are you receiving unemployment? Read this before filing your taxes This potential snag is a ‘fixable problem.’

10 Year-End Tax Tips for 2020

Tax Tips for December: Get your tax situation in order before the new year.

Less than 30 days before we hit 2021!

https://money.usnews.com/money/personal-finance/taxes/articles/10-year-end-tax-tips

10 Year-End Tax Tips for 2020 Start tax planning now and you could owe the government less money in the spring.

IRS Releases Inflation Adjustments for 2021

The IRS has released the inflation adjustments for 2021. Check out this summary of the most encountered adjustments so you know what to expect when you file your 2020 taxes.

https://www.henssler.com/irs-releases-inflation-adjustments-for-2021/

IRS Releases Inflation Adjustments for 2021 Each year, the IRS to adjust the tax rates, standard deductions, and a variety of other tax related numbers to cope with inflation.

Year-End 2020 Tax Tips | CPA Advisory Group

Brace Yourselves. Tax Season Is Coming.

https://cpaagi.com/year-end-2020-tax-tips/

Year-End 2020 Tax Tips | CPA Advisory Group Year-End 2020 Tax TipsHere are some things to consider as you weigh potential tax moves before the end of the year. Defer income to next year

New twists in year-end tax planning

This has been a very different year for a lot of people. Due to the ongoing pandemic, finances have been drastically affected for many. Take the time now to make sure you're making the most of 2020 while you still can and get ready for a 2021 tax season.

https://www.accountingtoday.com/news/new-twists-in-year-end-tax-planning

New twists in year-end tax planning COVID-19, the election and much more all need to be taken into account.

2020 Year-End Tax Planning Tips for Businesses and Individuals

The end of the year will be here before you know it. Make sure you take advantage of the remaining days of 2020 and make the necessary adjustments for your tax situation.

https://www.cpapracticeadvisor.com/tax-compliance/news/21157807/2020-yearend-tax-planning-tips-for-businesses-and-individuals

2020 Year-End Tax Planning Tips for Businesses and Individuals COVID-19 brought financial challenges to much of the public and forced companies to reimagine how business is done. Congress responded with generous relief, much of which runs through the tax code.

How a Biden win in November reshapes investment advice rules - InvestmentNews

How will the new President of the United States affect the way you invest your money?

https://www.investmentnews.com/biden-election-reshape-investment-advice-rules-197121

How a Biden win in November reshapes investment advice rules - InvestmentNews Democrats scraping the Trump administration’s reforms hinges on who’s picked to lead the SEC.

Death, taxes and more and the effects of inflation in 2021

https://www.dontmesswithtaxes.com/2020/11/death-taxes-and-more-and-the-effects-of-inflation-in-2021.html

Death and taxes are inevitable, but the very wealthy see their potential final tax bills shrink a bit every year when the Internal Revenue Service releases its annual inflation adjustments.

Death, taxes and more and the effects of inflation in 2021

Tax moves 2020 | How COVID-19 impacted everything | Fidelity

It's important to make note of how Covid-19 could have affected you and what it means for your 2020 tax return. Make sure you have a good handle on your situation before the year ends.

https://www.fidelity.com/learning-center/personal-finance/tax-moves-2020

Tax moves 2020 | How COVID-19 impacted everything | Fidelity The COVID-19 pandemic has impacted everything, including your taxes. Here are the 8 tax moves for 2020.

5 Tips on Claiming Charitable Donations on Your Taxes | www.financialhotspot.com

5 Tips on Claiming Charitable Donations on Your Taxes
https://financialhotspot.com/2020/07/02/5-tips-on-claiming-charitable-donations-on-your-taxes/

5 Tips on Claiming Charitable Donations on Your Taxes | www.financialhotspot.com Ensure your charitable donations are counted as deductions at tax time for everyone's benefit.

7 Areas Where Businesses Habitually Overspend

Reducing costs and increasing revenue is the only way to keep your business growing, but many businesses are in the habit of overspending for basic business needs. Here are some common areas where businesses over-spend. https://www.inc.com/larry-alton/seven-areas-where-businesses-habitually-overspend.html

7 Areas Where Businesses Habitually Overspend Some dangerous areas and how to fix them.

4 Solutions to Small-Business Money Problems

Small companies often face difficult financial times and may struggle with cash flow. Here are solutions to the four most pressing small-company financial problems. https://www.inc.com/peter-cohan/four-solutions-to-small-business-money-problems.html

4 Solutions to Small-Business Money Problems Pay expenses you need to get sales, forecast cash flows, negotiate with lenders, and create business accounts

Should You Consider Phased Retirement?

If you’re looking for more of a gradual transition into retirement, or aren't sure you are ready to stop working, you might consider phased retirement where you gradually reduce your workweek hours and responsibilities. https://www.thebalance.com/is-a-phased-retirement-right-for-you-4156625

Should You Consider Phased Retirement? Studies show that most workers do not want to completely retire. Phased retirement allows you to partially retire while staying in the workforce.

Why the increase in your Social Security check could among the smallest ever next year

Why the increase in your Social Security check could among the smallest ever next year.
https://www.usatoday.com/story/money/2020/09/15/social-security-benefits-checks-could-rise-1-3-next-year/5798699002/

Why the increase in your Social Security check could among the smallest ever next year Social Security benefits could rise 1.3% in 2021, an estimate shows. That would be among its smallest cost-of-living adjustments (COLA) ever.

Getting the Most From Your Health Savings Account | www.financialhotspot.com

Find out how you can get the most with your Health Savings account. https://financialhotspot.com/2020/06/25/getting-the-most-from-your-health-savings-account/ Getting the

Getting the Most From Your Health Savings Account | www.financialhotspot.com Understanding the parameters of you HSA will ensure you maximize your benefits.