This year, the COVID-19 (coronavirus) pandemic has taken a toll on people's health along with businesses and the economy. Small businesses have faced crippling challenges this year around the globe and here in the U.S., and even with all of this turmoil, the Internal Revenue Service (IRS) is still moving forward with making changes. The IRS is changing 1099-MISC Box... read more »
The IRS has been busier than ever this tax season thanks to the COVID-19 pandemic, and there are a couple of things that can help you when it comes to your federal taxes, having loan forgiveness, and being aware of IRS scams. Note: If you filed an extension on your taxes, then all S Corp and Partnership returns are due... read more »
Many small businesses have found themselves struggling or changing the way they run their business because of COVID-19. As your business goes back to a new normal, there are some things you can do to rebuild your business for success. Rebuilding Starts With Planning Gather and use feedback: Interact with your customers, whether that means social media updates or providing... read more »
2020 Tax Day might feel a bit surreal thanks to the coronavirus pandemic, but the Treasury Department (IRS) applied a deadline extension to taxpayers earlier this year. This automatic extension postponed filing your federal tax return deadline to Wednesday, July 15, giving you a reprieve of three extra months where you can file your tax returns and pay any taxes... read more »
Did you know that during and after the Great Depression and the 2008 meltdown, many businesses not only benefited but were highly successful starting up their new business? If you have been wanting to start up your own business venture, this may be a great time to get and make deals as opposed to during a stronger economy. One might... read more »
With a global pandemic facing every American today, now more than ever, you need to consider things you may have pushed off to a later date. It includes protecting your hard-earned assets for yourself and your beneficiaries. Doing so keeps your assets from evaporating by creditors, divorce and even predatory claims. Our Corporate Capital professionals encourage everyone to have a... read more »
While the world is facing a pandemic, you are facing the same challenges at home. The last challenge you need is filing your taxes on time. As the IRS provides time relief to taxpayers, we want to offer our accounting and tax services to help you during these difficult times. It is important to us that our clients file taxes... read more »
It's 2020, and if you're like most of us, almost everything you do these days is online. Social media, business meetings, purchases, zoom chats, dating, bill paying, texting, tweeting and Snapchatting can occupy a chunk of your daily activities. Online banking and shopping, healthcare portals, Cloud photo storage, pay stubs as PDF's and telecommuting are all ways we can streamline... read more »
If you are itching to get started on filing your taxes for 2020, be sure you are prepared when you sit down and get to work. Having what you need at your fingertips will help the process go smoothly, faster and without mistakes that could lead to delaying your return or being audited later. By organizing your records, you'll be... read more »
January is a great time to take stock of where your business is at and what it needs, whether you are starting a business or continuing to manage and grow one. At Corporate Capital, we want to help you start 2020 off with a bang by being prepared for what 2020 could bring. Now is the time to document your... read more »