"The hardest thing in the world to understand is income taxes" -Albert Einstein | 281-210-2450 | INFO@CORREAPEARSONANDASSOCIATES.COM

Articles

Get credit for going out

Date: April 24, 2021

Did you know that you can now deduct 100% of the cost of ‘restaurant meals’ for 2021 and 2022? The Consolidated Appropriations Act (CAA, 2021) enacted a temporary exception to...
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Last Chance, PPP Expiring SOON

Date: April 22, 2021

This is likely it—your last chance to obtain first- and second-draw Paycheck Protection Program (PPP) monies.  A new law, the PPP Extension Act of 2021, extends the expiration date to...
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Changes are Coming

Date: April 21, 2021

If you receive payments electronically (think Paypal, CC, etc) your tax situation may be changing. We just wanted to let you know that the IRS is planning to bring some...
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Higher Tax Refunds for Parents

Date: April 5, 2021

For the 2021 tax year only, the American Rescue Plan Act of 2021 (ARPA) makes big, taxpayer-friendly changes to the federal income tax child tax credit (CTC).  Here’s what you...
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Solo Corporate Owners Qualify for ERC

Date: March 25, 2021

Members of the tax community struggle with the “solo corporate owner” qualification for the employee retention credit (ERC). The IRS in one of its answers to frequently asked questions explains...
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$7 billion in unclaimed credits each year

Date: March 1, 2021

The earned income tax credit (EITC) has been around for years. But for some folks, it’s never been worth as much as it will be for 2021.  That’s thanks to...
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When it Pays to have Employees

Date: February 12, 2021

With the Consolidated Appropriations Act, 2021, millions of small-business owners now qualify for the employee retention credit (ERC), thanks to three big changes: You can now obtain the ERC and...
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Get a 6 Figure Tax Break to Start a Business

Date: February 3, 2021

You likely already know that the employee retention credit (ERC) is a good deal—if you qualify. Now, thanks to the recently enacted American Rescue Plan Act of 2021 (ARPA), you...
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Business Deduction Buffet

Date: January 20, 2021

When you operate a business, you have a variety of tax breaks available.  The recently enacted Consolidated Appropriations Act extends and expands some of the breaks. We bring the following...
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8 New Tax Presents

Date: January 12, 2021

In case you haven’t already heard – Congress recently passed a massive new stimulus bill that was enacted into law on December 27, 2020. Most of the public’s attention has...
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Pay less in tax, or increase your refund no matter your income.

Date: September 8, 2020

Loopholes aren’t illegal or discriminatory, anyone can use them.   Part of my job as a tax strategist is to help business owners and individuals minimize their tax burden. Every...
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WELCOME!

Date: August 16, 2020

Welcome to the Grow Your Business Without Killing Yourself in Taxes Newsletter! We’re here to help! Too often I speak with business owners who are struggling financially. I started this...
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