Taxes | Law 4 Small Business, P.C. (L4SB)

COVID-19 Tax Credits For Businesses

March 31, 2021 / by Kristy Donahue / Taxes / 0 comments

Tax Attorney, Ian Alden recently hosted an important and informative workshop where you can learn about the COVID-19 tax credits available for your business to take advantage of. We may be nearing the end of the pandemic, but we’re right in the middle of tax season. This workshop discusses some of the most important tax […]

Encore Presentation: Small Businesses, PPP Funds and Tax Credits

January 25, 2021 / by Kristy Donahue / Taxes / 0 comments

Free Virtual Workshop For Business Owners This Friday 1/29/21 Firm Partner Larry Donahue and Tax Attorney Ian Alden have been asked back for an encore workshop to discuss PPP Funding and Tax Credits. You can sign up for this free workshop by visiting the Small Business Business Development Center’s website at : https://nmsbdc.ecenterdirect.com/events/12818 Details: Date: 1/29/21Time: 10:00 […]

PPP Loans and The Employee Retention Tax Credit

January 11, 2021 / by Kristy Donahue / Taxes / 0 comments

L4SB Attorneys are teaming up with SBDC New Mexico for a free online workshop for business owners. Join attorneys Larry Donahue and Ian Alden on January 15 to learn about the latest in PPP funding. New round of stimulus funds Employee tax credits What you can do to limit the amounts you need to pay […]

Tax deadlines and COVID-19: Why delaying payments isn’t always a great idea

July 31, 2020 / by Ian Alden / Taxes / 0 comments

As we enter the sixth month of COVID-19 restrictions and lockdowns, a few things have become pretty clear: the economy is struggling, and so are taxpayers. Realizing that people — and, especially, small business owners — would need to stretch their money and make it last for some undetermined length of time, legislators across the […]

A Tax Lawyer Weighs In On COVID-19 Stimulus Payment

May 6, 2020 / by Ian Alden / Taxes / 0 comments

The CARES Act/COVID-19 mean there are new considerations when it comes to taxes this year… Are the $1,200 stimulus checks taxable? Will recipients have to repay that money at some point? Quick answers: The $1,200 payments are technically “advance refundable tax credits”, much like the Affordable Care Act subsidies, and are not taxable as income. […]

Selling Goods in Different States: South Dakota v Wayfair, Inc

February 24, 2020 / by Ian Alden / Taxes / 0 comments

In the case of South Dakota v. Wayfair, Inc., the Supreme Court of the United States allowed the State of South Dakota, under a law it had passed, to require Wayfair (a popular online sales company) to collect and pay South Dakota sales tax even though Wayfair had no “economic nexus” to the state of […]

Marriage and Taxes: The Good, The Bad, and The Ugly

February 3, 2020 / by Ian Alden / Taxes / 0 comments

For many people, marriage is a blessed start to a new chapter in life. Unfortunately, for many people, marriage can often come with an unexpected tax bill. Here are a few key things that newlyweds should know about marriage and taxes before tying the knot. Your tax bill could go down For many couples who […]

Tax Status for Companies

December 31, 2019 / by Larry Donahue / Taxes / 0 comments

When clients ask me what type of tax status they should elect for their company, I usually respond with, “Please ask that question to your CPA or Accountant.” After all, a good CPA or Accountant, who understands the needs of your business, is going to be able to make a good recommendation and help you […]

A S Corporation May Help You Save a Lot in Taxes

December 6, 2018 / by Ian Alden / Taxes / 4 comments

If you’re familiar with the different types of businesses out there, you’ve probably heard something about an S Corporation or “S-Corps”. Maybe a friend or colleague told you about some of their benefits, and maybe you’re even thinking about making one. Before you do, it’s important to understand why an S-Corp can be so beneficial […]

From the Experts – Tax Forms

September 17, 2018 / by administrator / Taxes / 0 comments

Going into business for yourself is exciting, and being your own boss can be both rewarding and financially lucrative. However, there is more to going into business than hanging out a shingle. There are numerous legal documents required, including tax related forms. Establishing Your Business The structure of your business is one of the most […]

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