Tax Pro Plus
2999 Overland Ave.
Suite 204
Los Angeles, CA 90064
Map It!
Ph: (310) 827-4829
Fax: (310) 842-7160
info@taxproplus-la.com
- VIDEO: How to Make your PPP Loan Forgivable
- How to make your PPP Loan forgivable.
- Charity Volunteer Tax Breaks
- If you volunteered your time for a charity or governmental entity during the COVID-19 pandemic, you probably qualify for some tax breaks. These rules actually apply to all charity volunteers not just COVID-19 volunteers. Although no tax deduction is allowed for the value of services performed for a qualified charity or federal, state or local governmental agency, some deductions are permitted for out-of-pocket costs incurred while performing the services. The following are some examples:
- VIDEO: Shortchanging the IRS Can Lead to an Unpleasant Surprise
- The consequence of cheating on your tax return can be much bigger than you thought. Learn about actions considered as cheating through this video.
- How to Create Product Records in QuickBooks Online
- Whether your company sells product or services, QuickBooks Online can help you track them.
- Big Tax Breaks for Hiring Your Children in the Family Business
- With jobs at a premium during the COVID-19 pandemic, you might consider hiring your children to help out in your business. Financially, it makes more sense to keep the family employed rather than hiring strangers, provided, of course, that the family member is suitable for the job. Note, however, that wages paid to children and other relatives aren’t eligible for the Employee Retention Credit created by Congress in 2020 as part of the COVID-19 emergency relief measures for employers.
  |
|  |