H2R CPA Blog

Relief for Individual Taxpayers

President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll and retirement provisions. Here are some of the provisions most likely to affect individual taxpayers. Recovery rebates The most headline-grabbing component … Read more

Key Provisions of the COVID-19 Aid Bill

After months of negotiations in Washington, an agreement has been struck on a new aid package to address the ongoing fallout from the COVID-19 pandemic. The legislation has been passed by both the U.S. House of Representatives and the U.S. Senate, and has been sent to President Trump to sign the Bill into law. Included … Read more

Video: Maximizing the Value of Your Business

H2R CPA Partner, Alex M. Kindler, CPA/ABV/ CFF/PFS, CVA, MBA, discusses three key areas to maximize the value of a business prior to its sale: Make yourself replaceable Diversify your customer base Make your business the best it can be View the video here.

Post-Election Tax Thoughts

by Paul K. Rudoy, CPA/PFS The past week has been even more tumultuous than most Americans expected. Certainly more than most Americans would like to see in our divided nation. Although it will likely be into early 2021 before we will have clarity on the control of the United State Senate due to the runoffs … Read more

Cost-of-Living Tax Adjustments for 2021

The IRS has announced its 2021 cost-of-living adjustments to tax amounts that might affect you. Many increased to account for inflation, but some remained at 2020 levels. As you implement 2020 year-end tax planning strategies, be sure to take these 2021 adjustments into account in your planning. Also, keep in mind that, under the Tax … Read more