Tax Planning is the process of looking at a person’s life, business, and regulatory requirements to legally reduce their tax burden. If you're wondering whether your personal and business affairs are arranged for maximum tax impact, consider a tax-planning session.
The PPP Flexibility Act (H.R. 7010), which has been passed through Congress and signed into law, makes several changes to clarify and extend loan forgiveness requirements for businesses who received PPP loans. Here, we'll review the most significant provisions made by the bill.
One of the most amazing things about the e-commerce industry is that it is constantly evolving - and fast. While many other businesses may have to consider extreme precautions in order to survive the next crisis, e-commerce businesses are well-positioned to survive. Third-party logistics, or 3PL services, have been around for years. But given recent events, many sellers are taking another look at delivery alternatives.
If your company invests time and money into research that improves products, processes, or business components, you might qualify for the Research & Development (R&D) tax credit. The R&D tax credit is an opportunity for qualified businesses who utilize technology or hard sciences to reduce their tax burden, and improve cash flow – something that has become more important than ever in 2020.