by DhallaCPA | Apr 13, 2021 | Tax Tips
The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine your “basis.” How it works You can claim an itemized deduction on your tax return for real estate taxes and home mortgage...
by DhallaCPA | Apr 13, 2021 | Tax Tips
Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved in providing a traditional pension plan? Two simple retirement plan options to consider are a...
by DhallaCPA | Apr 6, 2021 | Tax Tips
When you file your tax return, you must check one of the following filing statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Who can qualify to file a return as a head of household, which is more favorable...
by DhallaCPA | Mar 24, 2021 | Tax Tips
The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the credit available for expenses a taxpayer pays for the care of qualifying children under the age of 13 so that the taxpayer can be...
by DhallaCPA | Mar 23, 2021 | Tax Tips
Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for your new venture. Here’s an explanation of the reasons why. The biggest advantage of an S...
by DhallaCPA | Mar 18, 2021 | Tax Tips
President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best known for the provisions providing relief to individuals, there are also several tax breaks and financial business highlights. Here are some of the ARPA...
