The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. With more people working from home than ever before, some taxpayers may be wondering if they can claim a home office deduction when they file their 2020 tax return next year.Here are some things to help taxpayers understand the home office deduction and whether they can claim it:Employees are ...read more

Business owners can make taxes a little easier on themselves by filing payroll and employment taxes electronically.There are several benefits to filing these forms electronically:It saves time.It’s secure and accurate.The filer gets an email to confirm the IRS received the form within 24 hours.There are two convenient ways businesses can e-file:Employers submitting the forms themselves will need ...read more

Mark your calendars for the2020 Sales Tax Holiday!   South Carolina’s 2020 Sales Tax Holiday is set for August 7-9, 2020. For three days, purchases of school supplies, most clothing and footwear, bed and bath items, and computers are exempt from State and Local Sales Tax. Don’t want to leave home? No problem – exempt items are tax-free when purchased online during the Sales Tax ...read more

  WASHINGTON – Today, U.S. Small Business Administration Administrator Jovita Carranza announced changes to help borrowers still paying back SBA loans from previous disasters. By making this change, deferments through December 31, 2020, will be automatic. Now, borrowers of home and business disaster loans do not have to contact SBA to request deferment.“The SBA is looking at every option and ...read more