Where do I file if I’m working remotely?

Due to the COVID-19 pandemic, a large amount of businesses have had their employees work remotely for most of 2020. For local employees in the Greater St. Louis Metropolitan area, this could cause some tax questions if they have multiple jurisdictions in which they file/or may be requ
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2020 Year End Tax Planning – Taxability of the PPP Loan

Many of you have had conversation or Zoom meetings with us, or we may be scheduled to discuss your situation before the end of the year. Earlier this week, the IRS updated its position of the “Taxability” of the PPP Loans by insisting the applicable covered expenses are no
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529 College Savings Plans

We are always trying to provide the best tax guidance to our clients and this is one of our favorites. 529 plans are designed to encourage savings for the designated beneficiary to be used on qualified higher, and sometimes secondary, education expenses. Most states offer these plans
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Tax Planning for 2020

With the unusual year we’ve had, along with the uncertainties that still lie ahead, it is more important than ever to think of tax planning before the end of the year. It is important to provide your tax advisor with your most current year-to-date income, as well as, any other r
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Reminder: Individual Tax Returns are DUE!

The extended due date to file your individual tax return (Form 1040) is upon us. Although the original due date to file a 1040 was pushed back from April 15 to July 15 due to COVID-19, the extended deadline has remained unchanged. If you extended your return, it is still due on Thursd
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