Tax Smart Advice for Laid Off Workers
If you’re one of the millions of Americans who has lost work due to the pandemic, there are ways to reduce your 2020 taxes and get aid now. Among them: Take tax credits. With your…
Read More...Alloy Silverstein’s articles and insights are updated weekly. Stay tuned for the latest tips and news on managing your business, the latest tax law, preventing fraud, preparing your taxes, and more.
If you’re one of the millions of Americans who has lost work due to the pandemic, there are ways to reduce your 2020 taxes and get aid now. Among them: Take tax credits. With your…
Read More...The Small Business Association is releasing two new PPP Loan forms for businesses that borrowed $2 million or more. For-profit businesses will receive Form 3509: Loan Necessity Questionnaire and non-profit businesses will receive Form 3510: Loan Necessity…
Read More...Tax-Free Qualified Disaster Relief Payments Internal Revenue Code Section 139 specifies that any amount received by an individual as a qualified disaster relief payment is not included in gross income. This means that if your…
Read More...As we approach the year’s end, many taxpayers think about making contributions to their favorite charities. The needs this year may be greater than ever. Don’t get burned because you don’t know the rules. Make…
Read More...Millions of Americans are adjusting to new back-to-school and work realities. Many area schools are adopting a mix of in-person and online classes. Similarly, some businesses are using a hybrid approach for the worksite. How…
Read More...Some students have a reprieve on paying their student loans this year. That’s a result of the CARES act, an Executive Order by President Trump, and for New Jersey residents, the New Jersey College Loans…
Read More...The most fruitful periods of growth often happen when they are the least expected. Teachers and parents call them teachable moments. The disruption to jobs caused by this year’s pandemic is a massive teachable moment…
Read More...For all of the anguish that the pandemic has caused businesses, there is one silver lining. Stay-at-home orders have forced many companies to build their capacity for remote work. This new way of doing business…
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