Betro and Company, PC: Accounting Services
  • Bio
  • Accounting & Taxes
  • Advisory
  • Support
  • News
  • Location & Contact
Select Page

PPP ALERT: New Shot for Your Tax-Free Cash

by Betro and Company, PC | Jan 26, 2021 | Small Business

Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection Program (PPP) cash? Many did miss out. Why? One reason: the word “loan.” Who wants a loan? No one. Well, almost no one. But who wants a cash gift, tax-free? If you do, read on...

Tax-Smart College Savings Strategies for Parents

by Betro and Company, PC | Jan 23, 2021 | Tax Savings

College is expensive. Data for the 2019–2020 academic year indicates that the average cost of tuition, fees, room, and board was $30,500. The tax law has provisions to help you cover the costs, including Coverdell accounts, Section 529 savings plans, and Section 529...

The IRS Goes Easy on Taxpayers Who Owe Back Taxes

by Betro and Company, PC | Jan 20, 2021 | Tax Savings

Are you one of the over 11 million Americans who owe the IRS back taxes? The IRS temporarily suspended most collection efforts during the first wave of the coronavirus pandemic through its “People First Initiative.” This initiative expired July 15, 2020. The IRS is...

New IRS Efforts to Destroy Tax Deductions for PPP Paid Expenses

by Betro and Company, PC | Jan 14, 2021 | Tax Savings

From what we know, when lawmakers originally passed the PPP they thought that under its provisions, you did not pay taxes on the forgiveness amount, andyou also could deduct the expenses that you paid with the PPP money. Obstacle In late April, the IRS issued Notice...

Four Things to Know When Hiring Your Spouse

by Betro and Company, PC | Jan 10, 2021 | Tax Savings

If you own your own business and operate as a proprietorship or partnership (wherein your spouse is not a partner), one of the smartest tax moves you can make is hiring your spouse to work as your employee. But the tax savings may be a mirage if you don’t pay your...
« Older Entries

Recent News

  • PPP ALERT: New Shot for Your Tax-Free Cash
  • Tax-Smart College Savings Strategies for Parents
  • The IRS Goes Easy on Taxpayers Who Owe Back Taxes
  • New IRS Efforts to Destroy Tax Deductions for PPP Paid Expenses
  • Four Things to Know When Hiring Your Spouse

Betro and Company, P.C.
30 Mechanic Street
Suite 3
Foxboro, MA 02035

 

Phone: (508) 698-3600
Fax: (508) 698-3601

Email: ehagg@betro.com

Hours of Operation
Monday–Friday
8:30 a.m.–5:00 p.m.

  • Bio
  • Accounting & Taxes
  • Advisory
  • Support
  • News
  • Location & Contact
© 2019 Betro and Company, P.C.
X
Keep up to date on COVID-19 information >