WATCH: How small businesses can master their taxes in 2021

Filing taxes might be a bit different for small business owners this year. Many were greatly impacted by months of mandatory closures, lost essential revenue, civil unrest, government loans and grants, and layoffs. 

To find out what all these things mean for your taxes, small business reporter Jennifer Ortakales Dawkins talked with tax expert panelists. They covered how the pandemic, PPP loans, and revenue losses could impact your filings. 

Meet our panelists: 

Robbin Caruso is a partner in the tax department and the co-leader of the National Tax Controversy group of Prager Metis.

Nicole Davis is the founder and principal of Butler-Davis, a tax and accounting firm located outside of Atlanta, GA. 

Rick Lazio is the senior vice president of alliantgroup and a former US representative.

Topics covered: 

At 1:57 we go over basics like who is considered a small business and what the tax filing deadlines are depending on your business license. 

At 14:16 panelists explain what business owners should know about PPP loans and other types of federal aid and how those can affect your taxes. 

At 23:09 we cover how government-mandated closures affect business taxes,  what to do if your business deferred payroll taxes in 2020, and what pandemic-related expenses businesses can claim. 

At 33:00 panelists explain new, existing, and updated tax credits and incentives, including the Employee Retention Credit (ERC) and Research and Development (R&D) credits. 

And at 46:33 we go into a Q&A to respond to viewers’ questions as well as hear a few more tips from our panelists. 

Watch the full webinar above. For more information on filing your taxes as a small business, check out additional coverage below. 

Read the original article on Business Insider

JOIN US TODAY FOR A FREE EVENT: How small businesses can master their taxes in 2021

insider events small businesses taxes 2021 2x1

Filing taxes might be a bit different for small business owners this year. Many businesses were greatly impacted by months of mandatory closures, lost essential revenue, civil unrest, government loans and grants, and layoffs. 

To find out what all these things mean for your taxes, please join our small business reporter Jennifer Ortakales Dawkins and tax expert panelists. We’ll cover how the pandemic, PPP loans, and revenue losses could impact your filings. 

The hour-long chat is slated for March 2 at 1 pm ET/10 am PST, and we want your questions. 

Meet our panelists: 

Robbin Caruso is a partner in the tax department and the co-leader of the National Tax Controversy group of Prager Metis.

Nicole Davis is the founder and principal of Butler-Davis, a tax and accounting firm located outside of Atlanta, GA. 

Rick Lazio is the senior vice president of alliantgroup and a former US representative.

Topics to be discussed include: 

  • What’s changed from last year’s tax forms and rules
  • How to claim a PPP loan or EIDL advance on your taxes
  • What businesses can do if they had a significant amount of revenue loss or layoffs
  • How to claim the Employee Retention Credit (ERC)
  • What documents you’ll need to file
  • How to get tax credits and incentives

If you’d like to submit a question to be answered, please fill out this brief form. The experts will also be taking reader questions live. 

You can sign up here.

Read the original article on Business Insider

JOIN US ON TUESDAY FOR A FREE EVENT: How small businesses can master their taxes in 2021

insider events small businesses taxes 2021 2x1

Filing taxes might be a bit different for small business owners this year. Many businesses were greatly impacted by months of mandatory closures, lost essential revenue, civil unrest, government loans and grants, and layoffs. 

To find out what all these things mean for your taxes, please join our small business reporter Jennifer Ortakales Dawkins and tax expert panelists. We’ll cover how the pandemic, PPP loans, and revenue losses could impact your filings. 

The hour-long chat is slated for March 2 at 1 pm ET/10 am PST, and we want your questions. 

Meet our panelists: 

Robbin Caruso is a partner in the tax department and the co-leader of the National Tax Controversy group of Prager Metis.

Nicole Davis is the founder and principal of Butler-Davis, a tax and accounting firm located outside of Atlanta, GA. 

Rick Lazio is the senior vice president of alliantgroup and a former US representative.

Topics to be discussed include: 

  • What’s changed from last year’s tax forms and rules
  • How to claim a PPP loan or EIDL advance on your taxes
  • What businesses can do if they had a significant amount of revenue loss or layoffs
  • How to claim the Employee Retention Credit (ERC)
  • What documents you’ll need to file
  • How to get tax credits and incentives

If you’d like to submit a question to be answered, please fill out this brief form. The experts will also be taking reader questions live. 

You can sign up here.

Read the original article on Business Insider

JOIN US ON MARCH 2: How small businesses can master their taxes in 2021

insider events small businesses taxes 2021 2x1

Filing taxes might be a bit different for small business owners this year. Many businesses were greatly impacted by months of mandatory closures, lost essential revenue, civil unrest, government loans and grants, and layoffs. 

To find out what all these things mean for your taxes, please join our small business reporter Jennifer Ortakales Dawkins and tax expert panelists. We’ll cover how the pandemic, PPP loans, and revenue losses could impact your filings. 

The hour-long chat is slated for March 2 at 1 pm ET/10 am PST, and we want your questions. 

Meet our panelists: 

Robbin Caruso is a partner in the tax department and the co-leader of the National Tax Controversy group of Prager Metis.

Nicole Davis is the founder and principal of Butler-Davis, a tax and accounting firm located outside of Atlanta, GA. 

Dean Zerbe is the national managing director of alliantgroup and a former senior counsel to the US Senate Finance Committee. 

Topics to be discussed include: 

  • What’s changed from last year’s tax forms and rules
  • How to claim a PPP loan or EIDL advance on your taxes
  • What businesses can do if they had a significant amount of revenue loss or layoffs
  • How to claim the Employee Retention Credit (ERC)
  • What documents you’ll need to file
  • How to get tax credits and incentives

If you’d like to submit a question to be answered, please fill out this brief form. The experts will also be taking reader questions live. 

You can sign up here.

Read the original article on Business Insider