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The Tax Implications of Closing a Schedule C Business

  • Jan 4, 2021
  • Tax

Unfortunately, many businesses have already been forced to close their doors due to the economic fallout from COVID-19, and more will surely follow. Closing a business has important federal income tax implications that owners should understand. There are some variations to consider…

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Update on Latest Covid Stimulus Bill

President Trump is expected to sign into law today the legislation to fund the government for the remainder of the fiscal year which includes the long awaited Covid relief package.  The highlights we believe are most important for small businesses:…

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