While many businesses struggled through the pandemic, none more so than the restaurant industry. In an effort to aid these businesses, the Consolidated Appropriations Act introduced a 100% business meal deduction, formerly 50%. However, many…

The past year has had record-low interest rates. However, when you’re thinking of refinancing your home mortgage, simply comparing interest rates is not enough. Here are some other factors to consider before you refinance. Compare…

Each year standard mileage rates for business travel, medical driving, moving mileage and mileage rates for charitable driving are set by the IRS. Current Mileage Rates Mileage Type 2020 2021 Business miles 57.5¢ per mile…

Thanks to recent legislation, the whirlwind of tax changes just keeps going. Now if you have children 17 or under there is a new, higher child tax credit in place for 2021. Here is what…

The same factors that we’ve been dealing with for the past 12 months during the pandemic can also create an opportunity if you are considering starting a small business. Problems create opportunity For one thing,…

The passage of the American Rescue Plan Act of 2021 set aside nearly $30 billion in funds to create the Restaurant Revitalization Fund (RRF). Since the food and beverage industry has been devastated by this…

Here are some suggestions to help you master the art of documenting and organizing your business now and in the future. Document policies and procedures Write down daily responsibilities, skills needed to complete tasks related…

NJ & PA personal returns now due May 17 Last week, the IRS and U.S. Treasury extended the federal income tax filing and 2020 payment deadline for individuals from April 15 to May 17. As…