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Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!
RECENT POSTS
Big PPP Loans Forgiveness Update From The IRS For Long Island Businesses
Are you tired of talking and thinking about the PPP? Because I'm tired of talking and thinking about the PPP.That said -- this program has been a lifesaver for a variety of my Long Island clients, and it has provided a great shot in the arm for others.And, well ... we...
Should Your Long Island Business Consider Returning The PPP Loan?
There has been a lot of recent chatter about the PPP money, who got it, who didn't, and even if some Long Island companies should pay it back.Well, I have some thoughts on this for you today, but ultimately, you will have to be the one who makes this decision.It's an...
A Big IRS Update For Long Island Businesses On Using The PPP Loan Funds
Well, if you were wise, you probably saw this coming.Turns out ... if you received a PPP loan, that the expenses you pay from the proceeds of this (forgivable) loan ... are not deductible for Long Island businesses.Ouch.The IRS just released new guidance to this end...
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