As 2020 winds down, it’s time to consider year-end planning. It’s an unusual year, with taxpayers experiencing losses due to the economic downturn and the possibility of higher income tax rates next year.
Accounting
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On October 8, 2020, the Small Business Administration (SBA) released a new interim final rule and a new forgiveness application form.
Certain ITINs will expire December 31, 2020 and must be renewed if you will be filing a tax return in 2021.
Anderson ZurMuehlen Shareholder, Dan Vuckovich, CPA, ABV, and CFF recently sat down with Keith Tokerud of Scott, Tokerud & McCartney, P.C.
On August 28, 2020, the IRS issued Notice 2020-65 that provides needed guidance for employers wondering whether and how to comply with the employee payroll tax deferral.
Many eligible nonprofits applied for and received Paycheck Protection Program (PPP) loans.