Please click the heading above to open the article and then follow this link for a slide show of the webinar: Coronavirus Relief Provisions
Category Archives: Uncategorized
Action Plan – COVID-19
Dear Clients and Friends, At SSB, we are hearing from business owners who are impacted by COVID-19—make no mistake—in the end, this is all of us. Following is a list of things to consider during these difficult times: Stay calm and don’t panic. Business leaders must remain composed, in control and make well thought out… Continue reading
Resources Available to Assist with COVID-19
Dear Clients and Friends, At SSB, we are monitoring the developments involving COVID-19 and are available to assist you during these trying times. As we learn more, we will update our list of resources which will be available at https://www.ssb-cpa.com/news/. Currently, Congress is working on the Families First Coronavirus Response Bill which would provide the… Continue reading
SSB’s Precautionary Measures Regarding COVID-19
Dear Clients and Friends, At SSB, our primary concern is the well-being of our employees and clients. As we monitor the developments involving COVID-19, we are taking measures to ensure that we reduce the risk of spreading the virus in our workplace while also making sure our communication with you continues in an efficient manner.… Continue reading
Ideas to Lower Your Taxes for 2019
Tax season is well under way. Have you filed (or extended) your individual federal tax return for 2019 yet? You may still have time to make some moves between now and the April 15 filing deadline to lower your 2019 tax bill. Here are some last-minute tax-saving options to consider. State and Local Income Taxes… Continue reading
Janice Jasinski Named President of Salem Area Chamber of Commerce
Janice T. Jasinski, CPA, CFE, CGMA, has been elected as president of the Salem Area Chamber of Commerce for 2020. Janice also serves on the YSU Penguin Club Board of Trustees and Finance Committee, as well as the Athena Committee of the Youngstown/Warren Regional Chamber. She is a member of the American Institute of Certified… Continue reading
SECURE Act Affects Retirement and Tax Planning for Individuals
On December 20, President Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. It was part of the Further Consolidated Appropriations Act federal spending package. In general, the SECURE Act is intended to expand opportunities for individuals to increase their retirement savings and to simplify the administration of retirement plans.… Continue reading
Bonus Depreciation for Your Business: Let’s Review Your Options
First-year bonus depreciation has been around for a while now. However, the Tax Cuts and Jobs Act (TCJA) set forth more-generous, but temporary, rules for 2018 through 2026. Recent IRS guidance gives you additional flexibility to fine-tune the bonus depreciation break to suit your specific business and personal tax circumstances. Here’s what you need to… Continue reading
5 Last-Minute Ideas to Lower Your 2018 Taxes
It’s almost Tax Day! But don’t despair; there still may be time to make some moves that will save taxes for your 2018 tax year. Here are five tax-saving ideas to consider. 1. Choose to Deduct State and Local Sales Taxes If you live in a jurisdiction with low or no personal income tax or… Continue reading
New Law Revamps the Kiddie Tax
Congress enacted the so-called “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. Congress recently revamped this tax under the Tax Cuts and Jobs Act (TCJA). Trust and Estate Tax Rates for 2018 Use the following tax rates to compute… Continue reading
