by somichcpa | Jun 30, 2020 | Individual Taxes
Numerous new laws provide economic relief to individuals and businesses hardest hit by this year’s pandemic. This much-needed financial assistance, however, comes with a few strings attached. Here are three potential surprises if you use the available economic relief...
by somichcpa | Jun 8, 2020 | Individual Taxes
The weather is warm, kids are out of school, and it’s time to think about tax saving opportunities! Here are five ways you can enjoy your normal summertime activities and save on taxes: Rent out your property tax-free. If you have a cabin, condo, or similar property,...
by somichcpa | May 27, 2020 | Business, Corporate Taxes, Individual Taxes
Are you one of the now 33% of Americans who work as either an independent contractor or freelancer? If you answer yes, you are now a participant in the gig economy, a modern term for an economy characterized by workers who earn money through short-term contracts or...
by somichcpa | May 14, 2020 | Individual Taxes, Tax Tips
Who would ever have foreseen a time when petroleum companies would pay you to take their oil? This phenomenon underscores the concept that within every problem there is an opportunity. Here are some tax strategies to think about during the COVID-19 pandemic. Look into...
by somichcpa | May 4, 2020 | Individual Taxes, Tax Tips
COVID-19 uncertainty abounds. Thankfully, by monitoring tax changes on your behalf, we can work together to navigate the right path for you and your family. Here is a round-up of tax-related laws and information to help with tax planning for 2020. Early distribution...
by somichcpa | Apr 26, 2020 | Financial Planning, Individual Taxes
The Cares Act is continuing to provide program letters on the expanded unemployment benefits. This has not been fully implemented across the country and it will be administered by each state’s local benefits programs. Fortunately, Ohio is one of the states that...
