Self-Employment

COVID tax relief

4 Tax-Saving Provisions for S Corporations Under COVID-19

To help your small business, Congress created a lot of new tax-saving provisions due to the COVID-19 pandemic.

Many of my clients own and operate S corporations and expect the tax law to treat them differently, as it does with their health insurance deduction.

Perhaps you, too, would like us to help clarify which of the COVID-19 tax benefits the S corporation owner can use to put cash in his or her pocket. Here’s a list as of 5/6/2020.

Read more

COVID-19 Tax News

Self-Employment COVID-19 Relief and Tax Benefits

If you are in business for yourself—say, as a corporation or self-employed—payroll taxes and self-employment taxes are likely two of your biggest tax burdens.

Here’s some possible good news: Congress decided to give you significant relief from these taxes due to the COVID-19 pandemic. We’ll tell you what relief options are available and whether or not you qualify.

Read more