Taxation
You’re probably wondering if the tips at the end will be worth it. Let’s run this down and I’ll let you decide for yourself whether these powerful strategies are worth learning and preventing for your business and entities. By hastily ignoring the importance of effective tax planning strategies, you’re making the biggest and most expensive
IRS Tool to Register for Monthly Child Tax Credit Advance IRS Launches Online Tool to Opt-Out of Monthly Child Tax Credit PaymentsLink for non-filers to opt-out of the Advance Child Tax Credit Payments Families who normally file tax returns will automatically be enrolled into the advance payment program. Our recommendation is to opt-out of the advance
Excess Pass-Through Distributions Pass-through entity excess distributions or another way of saying it is distributions in excess of basis sometimes come as a surprise to business owners. Excess distributions arise when the owners withdraw more money from the company than they have as an investment. An excess distribution results when an owner receives cash or property
Mike McCormick was the featured advisor of Growth Amplifiers Magazine and highlighted as a Top Business Advisor in Cincinnati, Ohio. Additional featured guests range from advisors, attorneys, and influencers including the Olymipic Gold Medalist, Shannon Miller. As the owner of Financial Clarity Group, Michael works with business owners to transform the way the business occurs for them,
The popular Paycheck Protection Program narrowly avoids expiration as President signs extension. President Biden on March 30 signed into the law the bipartisan Paycheck Protection Program (PPP) Extension Act of 2021 (HR 1799), which moves the application deadline to May 31, 2021. The extended PPP application window was originally set to expire on March 31. The bill
Economic Stimulus Payments Calculate Stimulus Payment 1 (Mid 2020) Calculate Stimulus Payment 2 (Late 2020 / early 2021) Calculate Stimulus Payment 3 (Early 2021)
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