Keith Stoller: Tax & Business Solutions

5 Personal-Finance Mistakes That Kill Promising Companies - For most people, personal-finance mistakes affect only themselves. For entrepreneurs, a personal-finance slip-up can have far-reaching consequences. Read more via: https://bit.ly/3oY0OpY

4 Reasons Why It's Time to Hire an Accountant for Your Small Business - Doing the accounting yourself certainly saves some money in the short term. That said, it might be worth hiring an outside accountant for your company. Read more via: https://bit.ly/3mNppvL

Businesses Still Await More Guidance On Bonus Depreciation - While the IRS finalized rules on the 2017 tax law's bonus depreciation provision, businesses interested in utilizing the rule are awaiting more guidance regarding business interest expensing via: https://bit.ly/35jPWJJ

IRS Provides Transition Relief for 2020 ACA Reporting - The IRS is encouraging reporting entities to furnish 2020 statements as soon as they are able. No request or other documentation is required to take advantage of the extended deadline. Read more via: https://bit.ly/3ocYV8a

IRS Extends Due Dates for ACA Reporting and Renews Penalty Relief - Earlier this month, the Internal Revenue Service (IRS) issued Notice 2020-76, which has once again extended the due date for certain reporting requirements. 6055 and 6056, via: https://bit.ly/31rkWX9

Frequently Asked Questions on PPP Loan Forgiveness - Here is a good resource if you have questions on PPP loans. Or give us a call at (844) 465-7829 and we can help answer your questions. via: https://bit.ly/2SJ2C77

Important Income Tax Deadlines for 2020 - Did you file for an extension? Still a bit unclear about your filing date? Give us a call today at (844) 465-7829 to schedule a time to discuss Or go to our website www.gokstax.comRead more on this topic - https://bit.ly/3iLLk47

TRANSFERRING A PRIMARY RESIDENCE TO CHILDREN - How do you pass your familys house to your children? Its a pressing question and involves significant tax, legal, and emotional considerations. Unfortunately, it is a topic about which there is. Read more https://bit.ly/328DV9P

Federal employees cant opt-out of payroll tax deferral, the agency says - The presidents upcoming payroll tax deferral has prompted questions among federal employees about whether they can opt-out of a confusing policy for which their agencies. Read more https://bit.ly/32c4g77

Five things to know about Trump's payroll tax deferral - President Trump signed a memo last month directing the Treasury Department to allow employers to defer payroll taxes from Sept. 1 through Dec. 31 for employees making less. Read more https://bit.ly/2ZijHbP

Does Your State Have an Estate or Inheritance Tax? - In addition to the federal estate tax, with a top rate of 40 percent, some states levy an additional estate or inheritance tax. Twelve states and the District of Columbia impose estate taxes. Read more https://bit.ly/3h87P2f

COVID-19 Made America's Already Extraordinarily Bad Fiscal Problems Worse - On Wednesday, the Congressional Budget Office (CBO) released separate reports on the ten-year budget outlook and the financial outlook for major federal trust funds. Read more https://bit.ly/329grl3