While many parts of the economy have seen a massive slow-down because of the Coronavirus pandemic, the Washington, DC-area real estate market has hardly faltered. If you are a local real estate agent, chances are you are busier than ever.  Don’t let your busy routine...

Many times each year, clients ask us if they should file separately from their spouses to pay less in income taxes.  To define this issue a bit, married couples can file their tax returns using one of two statuses: Married filing jointly or Married filing separately....

Just when I thought it was safe to come out of my bunker and start working on PPP forgiveness applications, Congress changed the rules. Thankfully for you, you aren't alone in figuring it out. S&K CPAs is here to help Both houses of Congress have passed the...

Luck is what happens when opportunity meets preparation. How many people heard this from their fellow business associates about a month ago: “You are so lucky to get the PPP money, you were so lucky to get the SBA EIDL loan, you are so lucky to be able to stay in...

’ll save the jokes for later and cut to the chase.  The quickest option to get money fast for your business is from your bank.  They have many more flexible programs than the SBA Disaster Loan Program.  In any event, these are all LOANS, and you must be creditworthy,...

I spent the weekend cooped up with a case of beer and guides to the tax law changes from the stimulus package that just passed Congress and was signed by President Trump. I expect that the fiscal fallout from the crisis will last a decade or more. Here is a pretty...

    While the world has been losing its marbles this past week, we at S&K CPAs have been bouncing back and forth from feverishly working on our clients’ tax returns and paying attention to what fresh changes there have been to the tax situation this...

Take your foot off the revenue gas pedal. Many business owners start retirement before retiring.  Keep growing revenue, profits, and cash flow.  Buyers are buying your customers and the revenue they bring.  Shrinking sales means a shrinking price. Many business owners...

Staying with SIMPLE plans.SIMPLE plans are a relic of the 1990’s.  You can consider them the poor man’s 401(k).  They allow for employee salary deferrals and have an employer matching component, but they come from an era when real 401(k) plans were expensive to setup...

For Your 401(k) Retirement Savings Plan, Which Powerful Benefit Would You Prefer? An immediate tax break with a Traditional account Tax-free withdrawals with a Roth account Even better, what if you didn’t have to choose? Roth vs. Traditional 401(k)s: A Taxing Dilemma ...