Who doesn’t want to pay less taxes, as long as it’s legally permitted? Here are nine tips to consider taking action on before 2020 comes to a close.
The new Section 199A deduction gives owners of pass-through business entities (e.g. sole proprietors, partners in partnerships, some real estate investors, and S Corporation shareholders) an extra deduction equal to 20% of their “qualified business income.”
On June 16, 2020 the SBA released the updated Paycheck Protection Program Loan Forgiven Application.