If you’re age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be costly, especially if you’re married and both you and…
Many family businesses have been adversely affected by the novel coronavirus (COVID-19) pandemic. But there's a silver lining: Proactive tax planning can help your family business take advantage of potential opportunities in the COVID-19 era. Here are some tax-smart ideas to…
President Trump signed Paycheck Protection Flexibility Act (PPFA) H.R. 7010, designed by lawmakers to help solve glitches and add flexibility to the Paycheck Protection Program (PPP). The bipartisan bill was in response to business owners who have said the PPP…
It’s often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take care of children or elderly parents. In general, an IRA…
Reviewing your lease agreement should be part of your annual financial task list. And with the coronavirus pandemic, it’s even more critical than ever to understand your agreement and potential ways to negotiate with your landlord. In the FSR magazine…
The Small Business Administrator Jovita Carranza and U.S. Treasury Secretary Steven Mnuchin recently announced that recipients of Paycheck Protection Program (PPP) loans of $2 million or more should expect an audit if they apply for loan forgiveness. Here are some tips to…
Beginning June 1, Mize CPAs is launching the first phase of our re-entry plan which includes a small number of employees working in both our Topeka and Overland Park offices. Depending on how the first phase goes, we anticipate asking…
Much of the world currently is subject to at least some form of travel restrictions. Not surprisingly, the travel industry — airlines, hotels, car rental agencies, cruise ships and businesses operating in popular tourist destinations — has been devastated by the…
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). Keep in mind that if you haven't already filed your 2019 federal tax return, you still have until the July 15 tax filing deadline to contribute to…
The SBA recently released 11 pages of instructions and the application for completing the PPP loan forgiveness application. The new form is intended to help reduce compliance burdens and help simplify the process for borrowers. The form can be accessed…