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12 Year-End Tax Topics to Discuss with Your Tax Advisor for 2020

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12 Year-End Tax Topics for 2020

There have been a lot of changes to the tax code for tax year 2020. This comprehensive guide is a list of these 12 topics as well as descriptions of the changes and why they are important for small business owners.

The topics include:

  • Carryback of corporate net operating losses - which could mean refunds for 2018 and 2019
  • Increases in the limitation of business interest expense
  • Treatment of Paycheck Protection Program (PPP) loans
  • Payroll tax deferrals
  • Changes to Form 1099 requirements
  • and more 

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