Throughout the COVID-19 pandemic, the IRS has attempted to work with small business taxpayers to enable them to optimize cash flow and weather the storm. One such way was by allowing the deferral of payment of social security taxes for self-employed individuals. These individuals were… Read More »How Self-Employed Individuals can repay deferred Social Security Taxes
2020 has changed a lot of things for every single one of us, from Brooklyn to Beijing. If you’re still trying to do “business as usual” with an unchanged model – maybe the same one you opened up with in 2020, then your days are… Read More »“Business as Usual” is No More
Oftentimes businesses close, whether by choice or circumstance. With that in mind, we present the flip side of our last article, Tax Tips for New Businesses. In these times, there are still a handful of requirements of businesses and self employed individuals in order to… Read More »Tax Tips for Closing a Business
Starting a new business is both an exciting and stressful time. One benefit to come from the ongoing pandemic is the influx of new businesses being started by people due to employment changes and other lifestyle decisions. Ensuring you are handling all tax responsibilities will… Read More »Tax Tips for New Businesses