NEW TONED DOWN INFLATION ACT

New toned down inflation act. The bill that President Biden wanted passed, had a climate change proposal in it, to finally address the warming of planet earth. It also had some parts that several Senators questioned, and one decided a portion of the bill had to go, for her support. Key centrist Senator Joe Manchin […]

IRS GETTING AGGRESSIVE AGAIN

IRS getting aggressive again. With the Biden Administration set to inject Trillions into a lackluster U.S. economy, the politics of debt financing have come home to roost. Under President Trump, Republicans didn’t mind opening up the coffers of deficit spending to give tax breaks to the rich, but now have changed their ways and want […]

TAX TIPS FOR THE SOLOPRENEUR

Tax tips for the solopreneur. As a solopreneur, you wear many hats: sometimes you are the manager, the human resource officer, the customer service representative, the accountant, the tax strategist and more. The number of hats you wear depends on the type of business you have, how many contractors/freelancers you work with and the needs […]

GUIDE TO PPL LOAN FORGIVENESS

Guide to ppl loan forgiveness. Under the Paycheck Protection Program, PPL created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payroll and pay other specified expenses. One of the single biggest ways the federal government sought to aid businesses suffering from the coronavirus related shutdowns was the […]

TRUMPS TAXES SHOW SYSTEM PROBLEM

Trumps taxes show system problem. The New York Times got its hands on decades of President Trumps tax information, and it paints a portrait of a man who used every tool at his disposal to avoid a bill from the IRS. According to the Times, he paid $750 in federal income taxes in 2016 and […]