2021 Self-Employment Tax Planning
Published on June 03, 2021
If you are self-employed, I am sure you were surprised by your federal tax bill at least once during your self-employment career! I cannot tell you how many times I had to explain to my new self-employed clients why they had a huge federal tax bill even though net profit from the business was modest. […]
How to Deduct 100% of Your Business Meal
Published on May 26, 2021
Did you know that you can now deduct 100% of the meals incurred for business purposes? In an effort to assist this industry, the Consolidated Appropriations Act of 2021 introduced a 100% business meal deduction. This temporarily increases the deduction of expenses that are paid or incurred for food or beverages provided by a restaurant […]
ISCPA Career Opportunities
Published on January 19, 2021
Why Work at ISCPA? We are a fast-growing, cutting-edge, non-traditional and virtual CPA firm. We have a burning desire to help our clients stop overpaying their taxes and start achieving their dreams. We help them become financially independent and cash-strong by implementing various tax-saving and cash-saving opportunities. Our goal is to provide quality service to […]
How Will The New Stimulus Bill Affect You!
Published on December 23, 2020
Finally “Coronabus”, the Coronavirus Relief & Omnibus Agreement, has been passed by Congress! This massive 5,600-page bill was highly anticipated by millions of individual Americans and small businesses! It has not been signed into law yet but it is very close! This $900 billion legislation has something for every business: PPP PPP2 EIDL Grants Tax […]
Say What? 60% Tax Rate?
Published on December 22, 2020
Did you know that Biden’s tax plan would put some taxpayers in a combined marginal rate in excess of 60%? Check out the table below. Taxpayers in California, Hawaii, New Jersey and New York City are out of luck! Table obtained from Taxfoundation.org Check out Table 2 included in the Tax Foundation article Top Rates […]