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Considering offering employee stock options to your key employees to help grow your companies’ market value? Offering stock options give the employee the right to buy up to a specified number of shares of the company’s stock at a future date at a specific price. Generally, options are not immediately vested and must be held …
The new tax filing deadline is right around the corner. For those who have not yet filed their 2020 federal tax return, time is running out. The new deadline of May 17, 2021 means you must file your return and pay any taxes owed. Or you must file an extension and pay any estimated balance …
One thing many people do on the their taxes is overlook foreign account reporting requirements. However you DON’T want to forget this very important report. In fact, some of the largest penalties with the Government are associated with not reporting dealings with foreign financial institutions. U.S. citizens and residents with a financial interest in any …
“How can I start writing off business start up expenses”? It’s one of the most common questions new business owners ask their tax advisors, and with good reason. While many small firms have gone out of business since the pandemic started, the tide is finally changing. With the help of vaccines, new businesses will be …
2020 tax filing deadlines are right around the corner! A reminder for those who have not yet filed their federal tax return that now is the time! May 17, 2021 is the new due date to file your return and pay any taxes owed. Or you must file for the automatic extension and pay the …
Here are a few starting tips if you’re just starting out as a new business owner. If you are considering diving into the world of entrepreneurship, it’s wise to give yourself a moment and take some time for planning before moving forward. Additionally, to ensure that you’re proceeding with care and caution, be sure to …
Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. Congress provides tax credits to individual taxpayers for a number of reasons, including as a form of assistance for lower-income taxpayers, to stimulate employment, and to stimulate certain investments, among other things. Tax …
Tax refund going to unpaid debt? Waiting for a tax refund and it never arrives? It may be because you have outstanding federal or state debts. Learn how to be more proactive about debt payments so you can get money returned to your bank account. Question about owing outstanding debt to the IRS? We can …
The IRS announced they are extending the tax return filing date for 2020 individual tax returns from April 15, 2021, to May 17, 2021. This was meant to be a one-month extension, but since May 15 fell on Saturday it was extended to the next business day which is May 17, 2021. This extension only applies to individual 1040 and …
