Tina Wilson CPA PC

Loan Forgiveness Under the Paycheck Protection Plan As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law March 27, many small business owners were able to apply for - and receive - a loan of up to $10 million under the Paycheck Protection Program (PPP). Businesses - including nonprofits, veterans' organizations, Tribal entities, self-employed individuals, sole proprietorships, and independent contractors - that were in operation on Februa...Continue reading

If you don't normally file a tax return, the IRS has set up a portal for you to sign-up to get the stimulus check: https://www.freefilefillableforms.com/ If you do normally file a tax return, CALL ME!

New personal income tax deadline is July 15, 2020

Year-End Tax Planning for Individuals With the end of the year fast approaching, now is the time to take a closer look at tax planning strategies you can use to minimize your tax burden for 2019. General Tax planning Strategies General tax planning strategies for individuals include postponing income and accelerating deductions, and careful consideration of timing-related tax planning strategies with regard to investments, charitable gifts, and retirement planning....Continue reading

Year in Review: Tax Changes for Individuals The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated or modified numerous tax provisions starting in 2018. Here's what individuals and families need to know as they get ready for tax season. Personal Exemptions Personal exemptions are eliminated for tax years 2018 through 2025....Continue reading