Category Archives: Tax Planning & Preparation

Payroll Taxes Suspended Under Executive Order

On Saturday, August 8, 2020, President Trump issued an executive memorandum deferring certain Social Security

SBA’s Economic Injury Disaster Loans and Advance Program Reopened

The U.S. Small Business Administration announced on Monday, June 15, 2020 that it has reopened

Tax Deductions of Expenses Paid by PPP Forgiven Loan Proceeds

On April 30, 2020 the Internal Revenue Service (“IRS”) issued Notice 2020-32 which covers guidance

Tax-Related Questions from Business Owners About COVID-19 Assistance

On Tuesday, March 31, 2020 Avitus Group conducted an online webinar for business owners featuring

IRS: Employee Retention Credit Available for Many Businesses

The Internal Revenue Service has issued information about the Employee Retention Credit which is available

3 Keys to Operational Efficiency

Operational inefficiency could be costing your company 20% to 30% of your yearly revenue. In

6 Big Reasons to Contract Business Administration

Feeling the pressure to make your company more efficient? Looking to update your operations, get

Tax Law Changes: Are You Keeping Up?

Tax law is ever changing. Each year, it’s something your company needs to watch carefully,

A New Way to Look at Tax Season

Most of us think about taxes in the spring and try to forget about them

Business-Friendliness Just Taxes?

Business-friendliness includes the obvious taxes, tax rates, tax regulations and labor laws, but it also

Write Off Uncollected Debt

If you're an accrual-based taxpayer and you've tried everything to get an uncollected debt, you

Contractor Tax Issues

Using independent contractors can cut payroll taxes and benefits costs. But contractor tax issues can

Claim Only Necessary Expenses

When filling out your tax forms, be sure to only claim necessary and ordinary expenses.

An Overview of Gifts and Taxes

Gifts and taxes can be tricky. Be sure to educate your employees on the tax