Due to 2020 being a different and unusual year for many, there may be some changes to your taxes this year. Learn more about some things to consider when filing this year.
According to one recent study, there were nearly 13 million women-owned businesses in the United States as of 2019 - representing 42% of all businesses - employing approximately 9.4 million people and generating $1.9 trillion in sales.
Undoubtedly, 2020 will go down in history as a record setting year, but also as one of, if not the most, hated and devastating year in modern time.
The Center for Family-Owned Businesses held a webinar on Tuesday, March 9th covering the right way and the wrong way to resolve conflict in a family business.
February began on a high note as investors drew encouragement from strong fourth-quarter earnings reports and encouraging employment data. However, news was not all positive. The COVID-related death toll in the United States reached 500,000. Nevertheless, two vaccines were rolled out last month, with a third one on tap for release in March.
If your income hits a certain level, you may face an additional wrinkle in calculating your taxes: the net investment income tax (also referred to as the unearned income Medicare contribution tax).
As states and communities navigate an emergence from the aftermath of a year-long battle with the pandemic, businesses of all sizes are grappling with how to adjust, reconfigure, and plan for a post-pandemic economic environment.