Capacity limits, new consumer habits, and the coming colder weather forces a reckoning for restaurants coping with capacity limits amid the pandemic.
CNBC.COM
Pandemic forces a reckoning for restaurants coping with capacity limits and new consumer habits
A little inspiration from Lina's Tax Team to start your week.
If you are receiving temporary home mortgage relief under the CARES Act or in danger of having your home repossessed, know that any debt relief can have an impact on your taxes. Watch this video to find out more.
Business headlines are dominated by bankruptcies and furloughs, but "our culture's dramatic shift to working from home is the true breakout business story from this pandemic."
ENTREPRENEUR.COM
What the Work-From-Home Boom Means for Your Future
The pandemic has "battered New York City businesses, with almost 6,000 closures" and "a jump of about 40% in bankruptcy filings across the region." The city is bracing for more.
BLOOMBERG.COM
New York Region Sees 40% Bankruptcy Surge, Braces for More
Let's get the weekend started. Friday from Lina's Tax Team
First, there was the usual April 15th deadline. Then, there was July 15th. If you filed for an extension, your deadline was October 15th - and now that date has come and gone. What happens now if you missed it?
FABTAXTEAM.COM
What Happens if I Missed the October 15th Tax Extension Deadline?
Some insider tax knowledge from Lina's Tax Team.
Operating a SMB is hard work - and it's vital to know the financial health of your business at any time. Whether you're assembling your financial reports yourself or have hired professional help (like us), here are 12 metrics that can help you monitor your success.
FABTAXTEAM.COM
12 Financial Metrics Small Business Owners Should Track
To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. However, 2020 has given rise to more than the usual tax-planning opportunities. Thus, you may find it appropriate to schedule a tax-planning appointment well before the close of the year to take advantage of the tax benefits and strategies available for 2020.
FABTAXTEAM.COM
Don't Miss Out on Year-End Tax-Planning Opportunities
The Department of Justice has charged Robert Brockman, a Texas billionaire, with the biggest tax fraud case in U.S. history.
THEHILL.COM
Justice Dept. charges Texas billionaire with biggest tax fraud case in US history
Wednesday Wisdom from your friends at Lina's Tax Team
An individual must have compensation in order to contribute to an IRA. However, a non-working or low-earning spouse is allowed to contribute to his or her own IRA based upon the compensation of the working spouse. Watch this video to learn more.
Will a stimulus bill ever come? It's hard to say, but many small business owners are uncertain whether they can survive without additional assistance from the government.
AXIOS.COM
Small business owners uncertain of survival without new stimulus
Here's some motivation for your Monday from Lina's Tax Team
They might not be the "prettiest" animal, but camels are built to last. They evolved to be resilient and make the perfect metaphor for entrepreneurship in the current economy. Here's how to think like a camel for your business.
ENTREPRENEUR.COM
Consider the Camel: 3 Ways to Build a Resilient Business
November is National Entrepreneurship Month, and it's a great opportunity for business owners to celebrate and reflect on the past year. Here are four things to keep in mind.
FORBES.COM
4 Things To Keep In Mind During National Entrepreneurship Month
Should working from home be taxed? According to this analysis, perhaps. Learn more:
MARKETWATCH.COM
Should working from home be taxed?
A feel-good entrepreneurial success story for your Friday: Here's how Bianca Robinson transformed her business and helped her customers generate more than $2 million in revenue.
FORBES.COM
How This Entrepreneur Digitally Transformed Her Business And Helped Her Customers Generate $2.1M In Revenue
Lina's Tax Team has a fun tax fact to share with you.
Although day trading is neither illegal nor unethical, it can be highly risky. Most individual investors do not have the wealth, time, or temperament to make money or sustain the losses that day trading can bring. Satisfying the rules that permit special tax treatment for day traders is difficult.
FABTAXTEAM.COM
Day Trader Rules and Tax Treatment
A new study by Visa "reveals 82% of small business owners are shifting toward digital payments in response to the pandemic." Are you one of them?
SMALLBIZTRENDS.COM
82% of Small Business Owners Ready for Digital Payments
Some Wednesday Wisdom from your friends at Campbell based Lina's Tax Team
If you were a victim of a major natural disaster, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 has special rules about retirement plan and IRA distributions, retirement plan loans, how to compute disaster losses, and relief for non-itemizers. Employers may qualify for a new employee-retention credit.
FABTAXTEAM.COM
Tax Relief for Victims of 2020 Natural Disasters
