Are people taking advantage of the CARES (Coronavirus Aid, Relief, and Economic Security) Act when they file their tax returns? Companies have spent a lot of money restructuring their business since the lockdown began, and with the tax deadline fast approaching, you may be wondering if your new RV office counts as a tax-deductible expense or a luxury purchase. Jack Russo and Steve Rabin, CPA, discuss the expensive ways professionals have pivoted and the gray areas in deductibility. Other topics include:
- Are consumers beating expectations for 2020?
- Assembling a tax strategy for your business or yourself
- Fixing America’s lack of basic financial literacy
- The Power of Tax-Deferred Growth
Check out the video HERE.