Paar Melis Blog.
Social Security Basics
12 Things You Should Know to Make the Most of Your Social Security Benefits Knowing when to retire and claim your social security benefits …
Charitable Giving
As the end of the year approaches, the spirit of giving is upon us! Despite an economic downturn, an unprecedented $471 billion was donated …
Section 179 vs Bonus Depreciation
Usually when your shop buys a piece of equipment, vehicle, or other asset, you would spread the tax deduction over the asset’s “life” – …
Retirement Accounts for Shop Owners
**Updated November 2, 2022** Which retirement account is best? Many of you have heard us say before that the single best tax deduction is …
Considering Holiday or Year-End Bonuses?
A lot of business owners like to give their employees bonuses at the end of the year. This is a great way to make …
Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) is a refundable credit that eligible businesses can claim on certain wages paid to their employees. This credit …
EIDL Updates
The SBA recently announced some major changes to the Economic Injury Disaster Loan (EIDL). The EIDL loan was originally a $150,000 loan (not forgivable …
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