Nice surprise! Stimulus doesn’t count as income
Tax free money? Is that even possible? It seems so with stimulus checks. Stimulus payments are not considered taxable income and will not be subject to…
News
Home office deduction: Remote workers won’t be able to claim this deduction
Seems simple, right? You started working from home so why not claim a tax break for your own home office? It’s not that easy, according to Kiplinger….
Early refund offers may be expensive
You see advertisements everywhere during tax season telling taxpayers not to wait for the IRS to send their refund. The ads says they will give you money…
Unemployment benefits are taxable
State employment agencies will issue 1099 forms to unemployment insurance recipients. The total compensation on the 1099 is taxable and must be reported.
401(k) loan fees waived
The IRS is waiving the 10 percent early withdrawal penalty on 401(k) and IRA loans taken in 2020. If paid back in tax year 2020, it won’t count as income….
How fast will your tax refund be?
How fast is tax refund? The IRS sends nine out of 10 refunds in less than three weeks. Refunds are delivered fastest for electronic filers who want a…
Are PPP loans taxable?
Last year’s Payment Protection loans were a big help to many businesses around the country, helping them stay afloat during the pandemic. But the loans…
You never know when an idea will pop up: The invention of bubble wrap
It’s undeniably satisfying and almost meditative: The pop of bubble wrap between our fingers and thumb. But did you know that the invention of bubble wrap…
Business Book Review: The Attributes
If any year told us how we’d react under pressure, 2020 was it. And one person who understands the intricacies of working under stress is Rich Diviney, a…
No surprise: Pizza shops do well
Heavy regulations on dining have decimated the restaurant industry in the past year, but one player is growing. Pizza, the cheesy comfort food, is not…