Keith Boyer CPA's Blog

Topics and tips about accounting, taxes, business to personal finance and more!

Let's Review: The Home Office Deduction in 2020

The coronavirus forced many corporations and small businesses to move non-essential employees to work from home indefinitely. Some companies like Google have extended its work-from-home policy through the end of 2020. Facebook has implemented a work-from-home policy forever. Likewise, self-employed workers might be using their homes more frequ...
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Application for Paycheck Protection Program Loans Extended

If you are a small business and still need financial assistance during these challenging circumstances,you now have more time to do so.  On July 4, President Trump signed a bill that extends the application date for PPP loans to August 8. Key Points: The window to apply was originally set to expire on June 30. The new extension gives business ...
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259 Hits

Yes, You Must Pay Taxes on Unemployment Benefits

As of now, the enhanced unemployment benefits put into place under the CARES Act are set to end before July 31. This means the $600 additional federal unemployment per week that millions of Americans have been receiving as aid during the coronavirus pandemic will come to an end. Qualified recipients will be eligible for state unemployment benefits ...
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2020 Tax extensions you should know about

The coronavirus pandemic has led the IRS to extend important tax deadlines in 2020. This is the first time in my recent memory that the IRS has extended the filing date, so it's important to plan accordingly and take advantage of it! Here is what you need to know: July 15 is the new April 15 The usual April 15 tax deadline has now been au...
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482 Hits
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