It’s tax season again, and hopefully everyone’s ready with the information their accountants or tax preparation people need to represent them properly. There aren’t a lot of changes via lawmakers this year, but there are a couple of new things we feel need to be mentioned.
First, obviously the entire country had to deal with the pandemic. Some people lost their jobs, while others had to work from home. Some restaurants closed (some permanently) while others figured out ways of doing either delivery, pick up or both. Some businesses qualified for and received PPP relief loans. And of course many people qualified for those stimulus checks. Let’s talk about some of these things.
Continue reading Taxes For 2020; Not A Lot Of Change