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Infographic: CARES Act Tax Breaks to Help Retail Businesses

May 20, 2020

If you're a retailer who hasn't had time to review the CARES Act tax credits and incentives, read on — then by all means, let us help you!
For Small Businesses: Charitable Contribution Rules Have Changed Under CARES

May 19, 2020

Food and financial insecurity have increased during the coronavirus (COVID-19) pandemic. If your business is donating to charity to help ease the pain, you may be eligible for
enhanced charitable donation deductions.
Tax Advice: Tax Q&As Related to COVID-19

May 6, 2020

If you’re like most Americans, the coronavirus (COVID-19) pandemic has led to many questions. Health issues are of utmost concern but you may also have many financial questions.
Here are some answers.
For Small Businesses: The CARES Act Liberalizes Net Operating Losses

May 6, 2020

The CARES Act includes favorable changes to the rules for deducting net operating losses (NOLs). Here’s how.
Tax Advice: IRA Account Value Down? Consider a Roth Conversion

May 2, 2020

Consider turning a stock market downturn into a tax-saving opportunity by converting a traditional IRA into a Roth IRA.
For Small Businesses: Hiring Independent Contractors?

April 27, 2020

During these tough times, your business may be saving money by using independent contractors, rather than hiring employees. Make sure to follow all the rules or you could hear
from the IRS.
Infographic: Eligible IRA Withdrawals Now Penalty-Free

April 22, 2020

Fun fact: The CARES Act makes it easier to take hardship distributions from retirement accounts.
Tax Advice: Q&As About Economic Impact Payments

April 22, 2020

As the Economic Impact Payments (EIPs) continue to go out, the IRS has released information about why you might not have gotten a payment. There’s also a new tool to check the
status of your EIP.
For Small Businesses: Changes to "Qualified Improvement Property" Under New Law

April 21, 2020

A drafting error by Congress meant that some improvements to interior parts of nonresidential buildings had to be deducted over 39 years. But a new law that provides COVID-19
relief fixes the error and may result in revenue for eligible businesses.
For Small Businesses: On the CARES Act Employee Retention Tax Credit

April 15, 2020

As a business with employees, you may have questions about the new employee retention tax credit. Here are some answers.
Tax Advice: IRS Announces More Relief & Details

April 15, 2020

Expecting an Economic Impact Payment from the IRS? The tax agency has made a few new announcements about the financial relief the government is providing.
For Small Businesses: Relief From Not Making Employment Tax Deposits

April 15, 2020

The coronavirus (COVID-19) crisis has resulted in unprecedented challenges for employers. Here are the details of some relief from the federal government.
Tax Advice: Changes in Retirement Plan & Charitable Contribution Rules

April 9, 2020

During the COVID-19 crisis, many people and charitable organizations need cash. The new CARES Act may provide some solutions.
Tax Advice: New Law Offers Relief for Individuals

March 31, 2020

You’ve probably heard about the cash payments the government is sending out due to the coronavirus (COVID-19) pandemic. Do you qualify?
Infographic: Make the Most of Your Home Renovation Dollars

March 31, 2020

You may be considering a home improvement project, but before you move forward, learn which renovations are most likely to increase your home's value.
Tax Advice: Get COVID-19 Tax & Other Relief

March 31, 2020

The coronavirus (COVID-19) pandemic has changed life across the country. The IRS and Congress have responded with some tax and financial relief. Here’s a brief rundown of what’s
been provided so far.
For Small Businesses: New Law Provides More COVID-19 Relief

March 31, 2020

Another coronavirus (COVID-19) law has been enacted and it provides some relief to businesses and employers that are suffering. This article provides some highlights.
For Small Businesses: COVID-19 Tax Relief for You

March 24, 2020

In response to the coronavirus (COVID-19), Congress and the IRS have recently provided tax relief to businesses. Here’s a brief rundown.
COVID-19 Update 3-23-20

March 23, 2020

NMS will remain open, but no clients will be allowed into our offices for your health and safety and ours. Read on for how we'll still be here for you - only virtually!
For Small Businesses: Determine a Reasonable Salary for a Corporate Business Owner

March 19, 2020

When it comes to executive compensation, C corporation owners need to keep it “reasonable.” Here’s why.
Tax Deadline Update 3-18-20

March 18, 2020

Despite rumors, the un-extended due date to file your individual tax returns remains April 15. What has changed? Read more here.
Tax Advice: Why to Keep Life Insurance Out of Your Estate

March 18, 2020

You bought life insurance to protect your family or other beneficiaries. Here’s how to avoid having the benefits be subject to federal estate tax.
COVID-19 Update 3-16-20

March 16, 2020

NMS remains open for business. However, we have made substantial changes to our business practices until the risks of this health event subside. Read on for details.
For Small Businesses: Time Remains to Set Up a SEP Plan for '19

March 16, 2020

Saving money for retirement is important to a business owner’s financial security. If you haven’t set up a retirement plan for yourself and your employees for 2019, you may still
be able to do so, and reduce your tax liability for last year.
Tax Advice: 2019 Gift Return Tax Deadline Approaching

March 10, 2020

April 15 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2019
gift tax return this April (or if you may want to file one anyway).

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