Are people taking advantage of the CARES (Coronavirus Aid, Relief, and Economic Security) Act when they file their tax returns? Companies have spent a lot of money restructuring their business since the lockdown began, and with the tax deadline fast approaching, you may be wondering if your new RV office counts as a tax-deductible expense or a luxury purchase. Jack Russo and Steve Rabin, CPA, discuss the expensive ways professionals have pivoted and the gray areas in deductibility. Other topics include:
Are consumers beating expectations for 2020? Assembling a tax strategy for your business or yourself Fixing America’s lack of basic financial literacy The Power of Tax-Deferred Growth Check out the video HERE.