jhs.com RSS Feed http://jhs.com/ Take a look at our recent blog posts and client newsletter articles. en-us Mon, 25 Jan 2021 09:00:00 -0600 Mon, 25 Jan 2021 09:00:00 -0600 The new Form 1099-NEC and the revised 1099-MISC are due to recipients soon (1/25/21) http://www.jhs.com/blog.php?id=77 JHS CPAs, LLP Tax Briefs Mon, 25 Jan 2021 09:00:00 -0600 http://www.jhs.com/blog.php?id=77 PPP loans have reopened: Let's review the tax consequences (1/19/21) http://www.jhs.com/blog.php?id=76 JHS CPAs, LLP Tax Briefs Tue, 19 Jan 2021 09:00:00 -0600 http://www.jhs.com/blog.php?id=76 Can your business benefit from the enhanced Employee Retention Tax Credit? (1/11/21) http://www.jhs.com/blog.php?id=75 JHS CPAs, LLP Tax Briefs Mon, 11 Jan 2021 09:00:00 -0600 http://www.jhs.com/blog.php?id=75 New law doubles business meal deductions and makes favorable PPP loan changes (1/4/21) http://www.jhs.com/blog.php?id=74 JHS CPAs, LLP Tax Briefs Mon, 04 Jan 2021 09:00:00 -0600 http://www.jhs.com/blog.php?id=74 The COVID-related Tax Relief Act of 2020 http://www.jhs.com/newsletter.php#4 The Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, contains a number of tax provisions - among them pandemic relief for businesses and individuals. Fri, 01 Jan 2021 09:00:00 -0600 http://www.jhs.com/newsletter.php#4 Important Tax Changes for Individuals and Businesses http://www.jhs.com/newsletter.php#1 Each year brings changes to current tax law, and this year is no different. From tax rate schedules to health savings accounts and adoption credits, here's what you need to know. Fri, 01 Jan 2021 09:00:00 -0600 http://www.jhs.com/newsletter.php#1 Identity Protection PIN Available To All Taxpayers http://www.jhs.com/newsletter.php#2 Starting in January 2021, the IRS Identity Protection PIN Opt-In Program will be expanded to include all taxpayers who can properly verify their identity. Fri, 01 Jan 2021 09:00:00 -0600 http://www.jhs.com/newsletter.php#2 Credit Reports: What You Should Know http://www.jhs.com/newsletter.php#3 Periodically reviewing your credit report is an effective way to prevent credit card fraud and could alert you to signs of identity theft. Fri, 01 Jan 2021 09:00:00 -0600 http://www.jhs.com/newsletter.php#3 The right entity choice: Should you convert from a C to an S corporation? (12/28/20) http://www.jhs.com/blog.php?id=73 JHS CPAs, LLP Tax Briefs Mon, 28 Dec 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=73 2021 Q1 tax calendar: Key deadlines for businesses and other employers (12/21/20) http://www.jhs.com/blog.php?id=72 JHS CPAs, LLP Tax Briefs Mon, 21 Dec 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=72 Drive more savings to your business with the heavy SUV tax break (12/15/20) http://www.jhs.com/blog.php?id=71 JHS CPAs, LLP Tax Briefs Tue, 15 Dec 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=71 The QBI deduction basics and a year-end tax tip that might help you qualify (12/7/20) http://www.jhs.com/blog.php?id=70 JHS CPAs, LLP Tax Briefs Mon, 07 Dec 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=70 Working Remotely Could Affect Your Taxes http://www.jhs.com/newsletter.php#3 If you're working remotely from a location in a different state (or country) from your office, you could be facing a tax surprise next year. Tue, 01 Dec 2020 09:00:00 -0600 http://www.jhs.com/newsletter.php#3 Small Business: Deductions for Charitable Giving http://www.jhs.com/newsletter.php#4 Tax breaks for charitable giving are not limited to individuals; your small business can benefit from them as well. Tue, 01 Dec 2020 09:00:00 -0600 http://www.jhs.com/newsletter.php#4 Individual Taxpayers: Recap for 2020 http://www.jhs.com/newsletter.php#1 As we close out the year, here's what individuals and families need to know about tax provisions for 2020. Tue, 01 Dec 2020 09:00:00 -0600 http://www.jhs.com/newsletter.php#1 Business Tax Provisions: The Year in Review http://www.jhs.com/newsletter.php#2 Whether you file as a corporation or a sole proprietor, here's what business owners should keep in mind when it comes to their 2020 taxes. Tue, 01 Dec 2020 09:00:00 -0600 http://www.jhs.com/newsletter.php#2 Applying for Tax-Exempt Status as a Nonprofit http://www.jhs.com/newsletter.php#5 Whether you're starting a charity, a social organization, or an association there are certain steps you must take before you can apply for tax-exempt status. Tue, 01 Dec 2020 09:00:00 -0600 http://www.jhs.com/newsletter.php#5 Small businesses: Cash in on depreciation tax savers (11/30/20) http://www.jhs.com/blog.php?id=69 JHS CPAs, LLP Tax Briefs Mon, 30 Nov 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=69 The importance of S corporation basis and distribution elections (11/23/20) http://www.jhs.com/blog.php?id=68 JHS CPAs, LLP Tax Briefs Mon, 23 Nov 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=68 Health Savings Accounts for your small business (11/17/20) http://www.jhs.com/blog.php?id=67 JHS CPAs, LLP Tax Briefs Tue, 17 Nov 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=67 Do you want to withdraw cash from your closely held corporation at a low tax cost? (11/9/20) http://www.jhs.com/blog.php?id=66 JHS CPAs, LLP Tax Briefs Mon, 09 Nov 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=66 Tax responsibilities if your business is closing amid the pandemic (11/2/20) http://www.jhs.com/blog.php?id=65 JHS CPAs, LLP - Tax Briefs Mon, 02 Nov 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=65 New business? It's a good time to start a retirement plan (10/26/20) http://www.jhs.com/blog.php?id=64 JHS CPAs, LLP Tax Briefs Mon, 26 Oct 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=64 The 2021 "Social Security wage base" is increasing (10/20/20) http://www.jhs.com/blog.php?id=63 JHS CPAs, LLP Tue, 20 Oct 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=63 Understanding the passive activity loss rules (10/12/20) http://www.jhs.com/blog.php?id=62 JHS CPAs, LLP Tax Briefs Tue, 13 Oct 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=62 The easiest way to survive an IRS audit is to get ready in advance (10/5/20) http://www.jhs.com/blog.php?id=61 JHS CPAs, LLP Tax Briefs Mon, 05 Oct 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=61 The tax rules for deducting the computer software costs of your business (9/28/20) http://www.jhs.com/blog.php?id=60 JHS CPAs, LLP Tax Briefs Mon, 28 Sep 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=60 Business website costs: How to handle them for tax purposes (9/22/20) http://www.jhs.com/blog.php?id=59 JHS CPAs LLP, Tax Briefs Tue, 22 Sep 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=59 2020 Q4 tax calendar: Key deadlines for businesses and other employers (9/14/20) http://www.jhs.com/blog.php?id=58 JHS CPAs, LLP Tax Briefs Mon, 14 Sep 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=58 Employers have questions and concerns about deferring employees' Social Security taxes (9/8/20) http://www.jhs.com/blog.php?id=57 JHS CPAs, LLP Tax Briefs Tue, 08 Sep 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=57 5 key points about bonus depreciation (8/31/20) http://www.jhs.com/blog.php?id=56 JHS CPAs, LLP Tax Briefs Mon, 31 Aug 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=56 CARES Act made changes to excess business losses (8/24/20) http://www.jhs.com/blog.php?id=55 JHS CPAs, LLP Tax Briefs Mon, 24 Aug 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=55 The President's action to defer payroll taxes: What does it mean for your business? (8/17/20) http://www.jhs.com/blog.php?id=54 JHS CPAs, LLP Tax Briefs Mon, 17 Aug 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=54 The possible tax consequences of PPP loans (8/10/20) http://www.jhs.com/blog.php?id=53 JHS CPAs, LLP Tax Briefs Mon, 10 Aug 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=53 File cash transaction reports for your business - on paper or electronically (8/3/20) http://www.jhs.com/blog.php?id=52 JHS CPAs, LLP Tax Briefs Mon, 03 Aug 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=52 Why do partners sometimes report more income on tax returns than they receive in cash? (7/27/20) http://www.jhs.com/blog.php?id=51 JHS CPAS, LLP Tax Briefs Mon, 27 Jul 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=51 Even if no money changes hands, bartering is a taxable transaction (7/20/20) http://www.jhs.com/blog.php?id=50 JHS CPAs, LLP Tax Briefs Mon, 20 Jul 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=50 Businesses: Get ready for the new Form 1099-NEC (7/13/20) http://www.jhs.com/blog.php?id=49 JHS CPAs, LLP Tax Briefs Mon, 13 Jul 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=49 Steer clear of the Trust Fund Recovery Penalty (7/6/20) http://www.jhs.com/blog.php?id=48 JHS CPAs, LLP Tax Briefs Mon, 06 Jul 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=48 Haven't filed your 2019 business tax return yet? There may be ways to chip away at your bill (6/29/20) http://www.jhs.com/blog.php?id=47 JHS CPAs, LLP Tax Briefs Mon, 29 Jun 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=47 Launching a business? How to treat start-up expenses on your tax return (6/22/20) http://www.jhs.com/blog.php?id=46 JHS CPAs, LLP Tax Briefs Mon, 22 Jun 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=46 Good records are the key to tax deductions and trouble-free IRS audits (6/15/20) http://www.jhs.com/blog.php?id=45 JHS CPAs, LLP Tax Briefs Mon, 15 Jun 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=45 Rioting damage at your business? You may be able to claim casualty loss deductions (6/8/20) http://www.jhs.com/blog.php?id=44 JHS CPAs, LLP Tax Briefs Mon, 08 Jun 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=44 Business meal deductions: The current rules amid proposed changes (6/1/20) http://www.jhs.com/blog.php?id=43 JHS CPAs, LLP Mon, 01 Jun 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=43 Fortunate enough to get a PPP loan? Forgiven expenses aren't deductible(5/18/20) http://www.jhs.com/blog.php?id=42 JHS CPAs, LLP Tax Briefs Mon, 18 May 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=42 Business charitable contribution rules have changed under the CARES Act (5/11/20) http://www.jhs.com/blog.php?id=41 JHS CPAs, LLP Tax Briefs Mon, 11 May 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=41 The CARES Act liberalizes net operating losses (5/4/20) http://www.jhs.com/blog.php?id=40 JHS CPAs, LLP Tax Briefs Mon, 04 May 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=40 Hiring independent contractors? Make sure they're properly classified (4/27/20) http://www.jhs.com/blog.php?id=39 JHS CPAs, LLC Tax Briefs Mon, 27 Apr 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=39 New COVID-19 law makes favorable changes to qualified improvement property (4/20/20) http://www.jhs.com/blog.php?id=38 JHS CPAs, LLC Tax Briefs Mon, 20 Apr 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=38 Relief from not making employment tax deposits due to COVID-19 tax credits (4/13/20) http://www.jhs.com/blog.php?id=37 JHS CPAs, LLC Tax Briefs Mon, 13 Apr 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=37 Answers to questions about the CARES Act employee retention tax credit (4/6/20) http://www.jhs.com/blog.php?id=36 JHS CPAs, LLC Tax Briefs Mon, 06 Apr 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=36 The new COVID-19 law provides businesses with more relief (3/30/20) http://www.jhs.com/blog.php?id=35 JHS CPAs, LLC Tax Briefs Mon, 30 Mar 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=35 Coronavirus (COVID-19): Tax relief for small businesses (3/23/20) http://www.jhs.com/blog.php?id=34 JHS CPAs, LLC Tax Briefs Mon, 23 Mar 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=34 Small business owners still have time to set up a SEP plan for last year (3/17/20) http://www.jhs.com/blog.php?id=33 JHS CPAs, LLC Tax Briefs Tue, 17 Mar 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=33 Determine a reasonable salary for a corporate business owner (3/9/20) http://www.jhs.com/blog.php?id=32 JHS CPAs, LLC Tax Briefs Mon, 09 Mar 2020 09:00:00 -0500 http://www.jhs.com/blog.php?id=32 Work Opportunity Tax Credit extended through 2020 (3/2/20) http://www.jhs.com/blog.php?id=31 JHS CPAs, LLP Tax Briefs Mon, 02 Mar 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=31 Do you run your business from home? You might be eligible for home office deductions (2/24/20) http://www.jhs.com/blog.php?id=30 JHS CPAs, LLP Tax Briefs Mon, 24 Feb 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=30 Do you want to go into business for yourself? (2/10/2020) http://www.jhs.com/blog.php?id=29 JHS CPAs, LLP TAx Briefs Mon, 10 Feb 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=29 Do your employees receive tips? You may be eligible for a tax credit (2/4/2020) http://www.jhs.com/blog.php?id=28 JHS CPAs, LLP Tax Briefs Tue, 04 Feb 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=28 Numerous tax limits affecting businesses have increased for 2020 (1/27/2020) http://www.jhs.com/blog.php?id=26 JHS CPAs, LLP Tax Briefs Mon, 27 Jan 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=26 New rules will soon require employers to annually disclose retirement income to employees (1/13/2020) http://www.jhs.com/blog.php?id=25 JHS CPAs, LLP Tax Briefs Mon, 13 Jan 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=25 New law helps businesses make their employees retirement secure (1/6/2020) http://www.jhs.com/blog.php?id=24 JHS CPAs, LLP Tax Briefs Mon, 06 Jan 2020 09:00:00 -0600 http://www.jhs.com/blog.php?id=24 New law provides a variety of tax breaks to businesses and employers (12/30/19) http://www.jhs.com/blog.php?id=23 JHS CPAs, LLP Tax Briefs Mon, 30 Dec 2019 09:00:00 -0600 http://www.jhs.com/blog.php?id=23 Small Businesses: It may not be not too late to cut your 2019 taxes (12/17/19) http://www.jhs.com/blog.php?id=22 JHS CPAs, LLP Tax Briefs Mon, 16 Dec 2019 09:00:00 -0600 http://www.jhs.com/blog.php?id=22 2020 Q1 tax calendar: Key deadlines for businesses and other employers (12/10/19) http://www.jhs.com/blog.php?id=21 JHS CPAs, LLP Tax Briefs Tue, 10 Dec 2019 09:00:00 -0600 http://www.jhs.com/blog.php?id=21 Holiday parties and gifts can help show your appreciation and provide tax breaks (12/2/19) http://www.jhs.com/blog.php?id=20 JHS CPAs, LLP Tax Briefs Mon, 02 Dec 2019 09:00:00 -0600 http://www.jhs.com/blog.php?id=20 2 valuable year-end tax-saving tools for your business (11/25/19) http://www.jhs.com/blog.php?id=19 JHS CPAs, LLP Tax Brief Mon, 25 Nov 2019 09:00:00 -0600 http://www.jhs.com/blog.php?id=19 The tax implications if your business engages in environmental cleanup (11/20/2019) http://www.jhs.com/blog.php?id=18 JHS CPAs, LLP Tax Briefs Wed, 20 Nov 2019 09:00:00 -0600 http://www.jhs.com/blog.php?id=18 Small Businesses: Get Ready for Your 1099-MISC Reporting Requirements (11/12/2019) http://www.jhs.com/blog.php?id=17 JHS CPAs, LLP Tax Briefs Tue, 12 Nov 2019 09:00:00 -0600 http://www.jhs.com/blog.php?id=17 Small Businesses: Stay Clear of a Severe Payroll Tax Penalty (11/7/2019) http://www.jhs.com/blog.php?id=16 JHS CPAs, LLP Tax Briefs Thu, 07 Nov 2019 09:00:00 -0600 http://www.jhs.com/blog.php?id=16 Thinking About Converting from a C Corp to an S Corp? (10/29/19) http://www.jhs.com/blog.php?id=15 Thinking About Converting from a C Corporation to an S Corporation? Tue, 29 Oct 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=15 Four Key Tax Issues for Self-Employed Individuals (10/4/2019) http://www.jhs.com/blog.php?id=14 JHS CPAs, LLP Daily Post Mon, 07 Oct 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=14 Opportunity Zones Aren't a Gimmick--They're a Legitimate Investment Option (10/2/2019) http://www.jhs.com/blog.php?id=13 JHS CPAs, LLP Daily Post Wed, 02 Oct 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=13 California Enacted Three Major Tax Bills (9/30/2019) http://www.jhs.com/blog.php?id=11 JHS CPAs, LLP Daily Post Mon, 30 Sep 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=11 Why the North Carolina Digital Property Tax Matters (9/26/2019) http://www.jhs.com/blog.php?id=12 JHS CPAs, LLP Daily Post Fri, 27 Sep 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=12 September 25, 2019 http://www.jhs.com/blog.php?id=10 JHS CPAs, LLP Daily Post Wed, 25 Sep 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=10 September 24, 2019 http://www.jhs.com/blog.php?id=9 Tue, 24 Sep 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=9 September 23, 2019 http://www.jhs.com/blog.php?id=8 Fri, 20 Sep 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=8 Today's Post http://www.jhs.com/blog.php?id=7 Wed, 18 Sep 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=7 Today\'s Post http://www.jhs.com/blog.php?id=6 Mon, 16 Sep 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=6 Today's Post http://www.jhs.com/blog.php?id=5 Fri, 13 Sep 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=5 August 26, 2019 http://www.jhs.com/blog.php?id=4 Mon, 26 Aug 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=4 August 23, 2019 http://www.jhs.com/blog.php?id=3 JHS CPAs LLP Daily Post Fri, 23 Aug 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=3 August 22, 2019 http://www.jhs.com/blog.php?id=2 JHS CPAs, LLP Daily Post Thu, 22 Aug 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=2 August 16, 2019 http://www.jhs.com/blog.php?id=1 JHS CPAs, LLP Daily Post Fri, 16 Aug 2019 09:00:00 -0500 http://www.jhs.com/blog.php?id=1