Tuesday, June 22, 2021


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Do we really need tax returns?

The IRS has postponed the April 15 tax filing deadline to May 17, and that announcement may be welcome news for many. But it...
CREDIT COUNSELOR: Michael Garcia, a partner in enterprise solutions for Kahn, Litwin, Renza & Co. Ltd., has been spending a lot of time fielding questions from clients about the Employee Retention Credit. / COURTESY KAHN, LITWIN, RENZA & CO. LTD.

Revisions boost interest in special tax credit

A $5,000-per-employee tax credit may sound like a great incentive. But the Employee Retention Credit rolled out under the Coronavirus Aid, Relief and Economic Security...
GOING IT ALONE: Katie Murano, a sole proprietor with a wedding photography business, has lost all of her 2020 jobs because of the COVID-19 pandemic. She has struggled to qualify for relief programs because of the structure of her business. / PBN PHOTO/MICHAEL SALERNO

Getting aid a struggle for many sole proprietors

A sole proprietorship seemed like the best option when Katie Murano started her wedding photography business in January. Having previously owned an event-planning business as...

Chiropractor sentenced to 3 years probation, fined $75K for tax evasion

PROVIDENCE – Leonard Marino, president of Chiropractic Associates LLC in Providence, was sentenced in U.S. District Court to three years probation and fined $75,000...
FAR-FLUNG PANELISTS: Providence Business News’ Coronavirus Stimulus Program Summit took place online on April 16. The panelists were at separate locations during the event.

PBN coronavirus summit panel: Many do’s and don’ts in using stimulus...

Planning is crucial in business, and it has never been as difficult as it is now that the coronavirus pandemic has hammered the national...
THE FEDERAL GOVERNMENT will allow businesses and individuals to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline. / AP FILE PHOTO/EVAN VUCCI

Administration announces 90-day delay for many tax payments

WASHINGTON (AP) – The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past...
Kevin Eagan

Managing purchase costs

(Editor’s note: The is the second of a two-part column on deducting the costs of buying a business. See part I here.) So-called bright line...

New tax regulations for pass-through entities

(Editor’s note: This is part 1 of a two-part column on new tax regulations for pass-through entities. See part 2 here.) As a result of...
A SCITUATE BUSINESSMAN pleaded guilty to federal income tax evasion this week in U.S. District Court in Providence./ COURTESY CAROL M. HIGHSMITH

Scituate businessman pleads guilty to evading paying $428,700 in federal taxes

PROVIDENCE – A Scituate businessman, who prosecutors say claimed he was not a United States citizen on his tax forms and that his earnings...
THE AVERAGE federal tax refund average was about $3,008 for the week ending March 8, $4 more than the previous year. The IRS estimates it will ultimately issue about 2.3 percent fewer refunds this year as a result of changes to how much were withheld from paychecks. / BLOOMBERG NEWS FILE PHOTO

Average tax refunds about $3K as filing season hits midpoint

NEW YORK - The IRS has sent out 3.3 percent fewer tax refunds so far this year, but the average refund size continues to...

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