"The hardest thing in the world to understand is income taxes" -Albert Einstein | 936-270-8883 | INFO@CORREAPEARSONANDASSOCIATES.COM

The Costs of Hurricane Ida to Small Businesses



The Costs of Hurricane Ida to Small Businesses

Is your business prepared for the costs of a natural disaster? I’m sure you’ve heard by now that the Gulf Coast has been ravaged by Hurricane Ida, whether you were (or are) in the path of the...
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TOP 5 QUESTIONS YOU SHOULD ASK TO SAVE MONEY IN TAXES

It's not news that this has been a crazy year. Businesses of all sizes have had to adjust to the pandemic, and some have even thrived in spite of it! Millions of business owners were given government...
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Do You Want to Retire With an Extra 1Million in Your Retirement?

Einstein called it “the eighth wonder of the world". Compound interest is one of the most powerful tools to building wealth, unfortunately, it's very underutilized and often misunderstood. This is...
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PPP Loan Forgiveness Period is Closing!

Don’t be part of these statistics!!! Almost 2 million Paycheck Protection Program (PPP) loan borrowers have not yet applied for forgiveness! Are you one of the many business owners who got a PPP...
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Trump Math

How in the world can someone make just shy of $15Million/year in income and pay only $750 in tax? With legal tax avoidance and proper planning. We all heard of the uproar when Trump's 2017 tax...
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Why You’re Not Rich Yet and How to Get There

Hint... It's not your fault. You can search the web for the 'silver bullet', that get-rich-quick trick that's just waiting to be discovered. That lottery ticket that's just waiting to be cashed......
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How Recent Tax Changes are Making Health Care More Affordable

With the passage of the American Rescue Plan Act of 2021 (ARPA), Congress has temporarily abolished the health insurance premium tax credit “subsidy cliff.”  For 2020 and 2021,...
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Tax Hikes May Be Released TODAY In New Whitehouse Release

President Biden is expected to announce a $6 Trillion dollar budget today and if passed, it will potentially include the word “retroactive” as it relates to tax hikes.  This is A BIG...
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When it Pays to Lose, Net Operating Loss Carrybacks

For many years, thanks to the net operating loss (NOL) provisions, the tax code gave you quick cash in your pocket if you had an overall net loss in a tax year. Unfortunately, starting in 2018, the...
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Billions More in Tax Breaks for Americans with Children

For tax year 2021, Congress is giving away billions of dollars in additional tax credits on your Form 1040 individual tax return. These temporarily expanded tax credits include the child tax...
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