Pronto Guest Blog Post by: J. Michael Pusey, CPA In 2018, the Supreme Court opened the door for the states to rewrite their sales tax laws to reach sellers who don’t have a physical presence in the state. South Dakota v. Wayfair Inc., 138 S. Ct. 2080 (2018). Many states have been busy writing and […]
Act Now: Covid SBA EIDL Loans and Grant Programs End Dec. 31st!
We have a few more days left in 2021, which means you should take a look at the SBA Covid loan and grant programs while you have a chance. Many small businesses have already taken advantage of the SBA pandemic loan opportunities, but it is worth a double check to see if any programs have […]
I Almost Lost My EA License
At Pronto Tax School, we LOVE to help tax pros beat deadlines. Maybe the reason we put such an emphasis on beating deadlines is that I personally am what you might call “deadline-challenged.” I’ve almost lost my EA license a couple times because I completely spaced out on my own Enrolled Agent Continuing Education (CE) credits, and […]
IRS “Disappearing” Tax Preparer Rights
Getting ahold of the IRS has become EXTREMELY difficult these days, even for tax professionals, would you agree? And it’s not even tax season! If even tax professionals like us are frustrated, imagine how “normal people” feel when trying to get in contact with IRS and can’t get through to anyone at IRS. This is becoming […]
The 199A Tax Deduction & Who Can Use It
The 199A Tax Deduction can provide some benefits, for those tax payers or businesses who qualify. Sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction – also called Section 199A. Our quick video with Andy Frye of Pronto Tax School, runs through who can and […]