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2020 Business Tax Filing Deadlines & Due Dates

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Christian Brim

When are business taxes due in 2020?

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100,000 Tax-Free IRA Distributions

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Christian Brim

Everyone has been focused on the SBA loan provisions in the CARES Act, and are overlooking several other tax savings opportunities in the law. In this article we'll dive into the tax-free distributions from qualified retirement accounts.

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Use Prior Year Net Operating Losses For Money Now

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Core Group

Net Operating Losses (NOL) are a great tool to offset income and reduce taxes. The CARES Act expanded the time frame business owners can use NOLs to reduce taxes.

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Roth IRA vs. Traditional IRA

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Core Group

Lots of questions arise during discussions about choosing the best IRA, regular or Roth. In general, your investment strategy should consider taxes (you can read more about that in this article), and that’s easy to overlook. You definitely don’t want tax to be the proverbial tail that wags the dog, but smart tax planning makes sure you keep more of what you earn.

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Core Process for Tax Planning

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Core Group

The average accountant waits for you to show up with a folder full of stuff around tax time, and you’ll hear from them only when it’s time to write a painfully large check. Once this annual ritual is complete, you part ways (while you lick your wounds) and dread the next time when you’ll start the process again.

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What Should Small Business Do Now That the SBA Is Out of Money

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Core Group

I will save my commentary until the end about this whole fiasco.  The SBA announced yesterday that they are out of funding for the Paycheck Protection Program (PPP) and the advances on the Economic Injury Disaster Loans (EIDL).  You did not get your application in, or you did, and you didn’t get any money.  Now what?

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Paycheck Protection Program or Tax Credits: Which Is Best for Your Small Business in the Time of Covid-19?

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Core Group

Wow!  What a whirlwind the last week has been.  Congress passed the CARES Act last Friday, and there is a ton in there to digest.  For a current summary of all of the provisions, check out our COVD-19 Page.  A lot of changes for all business owners, but let’s dig into one that is probably most urgent.   

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Small Business Success During Social Distancing

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Core Group

So this is insane, right? Do you feel like the whole world is upside down and you’ve gone off the edge of the map where it’s nothing but clouds and sea monsters? So do we.

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Small Business Lessons from Joe Exotic

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Core Group

No. 1 on Netflix this week was the series “Tiger King,” documenting the real life story of Joe Maldonado, a.k.a. Joe Exotic, and his private zoo business. The series is 100 percent not safe for work, so don’t watch it at the office, but it does provide compelling examples of what NOT to do as a business owner.

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Case Study: Real Estate Tax Strategies

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Core Group

You try on shoes; you test-drive a car, you even read the online samples of a book before you make a purchase. Doing your due diligence is just part of the process in any purchase, and we’d expect nothing less if you’re looking at bringing Core Group into the fold to take your business to the next level.

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