by Sara Raby | Dec 18, 2020 | tax
What is a donor-advised fund? A donor-advised fund (DAF) is like a personal charitable giving savings account. It allows donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time. The donor can... 
by Sara Raby | Dec 12, 2020 | tax
As 2020 closes, we can agree that this year was unlike any other; the pandemic, natural disasters, and expected future tax law changes following the election have had a significant impact on many taxpayers. In response to the pandemic, Congress passed two major pieces... 
by Sara Raby | May 5, 2020 | tax
While many individuals are struggling financially during the COVID-19 pandemic, there are tax planning strategies that can be implemented now for long term income tax savings. Convert IRA to ROTH IRA – If the value of your IRA has taken a dive during this... 
by Sara Raby | Apr 29, 2020 | tax
On April 24, 2020 the SBA issued guidelines for all entities, including self-employed taxpayers and partnerships, with regards to calculating monthly payroll costs in relation to the Paycheck Protection Program (PPP) loans. SELF-EMPLOYED INDIVIDUALS Self-employed... 
by Sara Raby | Apr 21, 2020 | tax
Last week the Small Business Administration (SBA) released an updated set of Interim Final Rules for the PPP (Paycheck Protection Program). These latest rules supplement the First PPP Interim Final Rules with guidance for individuals with self-employment income who... 