New laws and the rapidly changing environment brought on by the COVID-19 pandemic have presented new tax challenges this year. As 2020 draws to a close, there is still time to reduce your 2020 tax bill and plan ahead for 2021. This letter highlights several potential tax-saving opportunities for you to consider. How Does Deferring […]
Click here to view a sample capitalization policy. A similar policy should be prepared for your business entity and retained in your permanent files.