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Norman Grill

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Norman Grill: Covid-related tax relief for your business

Paycheck Protection Program (PPP) Loans. Retroactive to the effective date of the CARES Act, PPP loans that are forgiven will be treated as tax-exempt...

Norman G. Grill: Year-end income tax reduction strategies

With the arrival of the end of the year, now is the time to consider moves that might minimize your tax liability for 2020....

Norman Grill: Business tax changes for 2020 filings

Here are some tax changes you should know about for your 2020 business filing. Standard mileage rates The standard mileage rate for 2020 is 57.5 cents...

Norman Grill: End-of-year businesses tax planning strategies, part II

A number of year-end tax planning strategies are available to business owners that can be used to reduce tax liability. Let’s take a look ....

Norman Grill: End-of-year businesses tax planning strategies, Part I

A number of year-end tax planning strategies are available to business owners that can be used to reduce tax liability. Let’s take a look ....

Norman G. Grill: Preparing for a comfortable retirement

As you approach retirement, you need to focus on key financial issues to ensure a smooth transition. Here are five of them: 1. Health insurance Are...

Norman G. Grill: Just the facts on home sale tax

There may be tax consequences when selling your home. Here are 10 things to be aware of: 1. Exclusion of gain. You may be able...

Norman G. Grill: Exiting your business – Which option is best...

You have four ways to exit your business. The more you know about each, the more likely you will choose the one that’s best for you.

Norman G. Grill: Paying off debt the smart way

With today’s economic uncertainty, being debt-free is a worthwhile goal.

Norman Grill: Tips on getting a business loan

If you are thinking about applying for a business loan, here are some things to know to improve your odds of success.

Norman G. Grill: Smart wealth transfer strategies

You can distribute your wealth while minimizing estate taxes by using proven strategies, such as gifting and direct payments to educational institutions. Low interest...

Norman Grill: Job loss may affect your taxes

If you've lost your job, you may have questions about how that might impact your tax situation. Here are some answers: Q: How can my...

Norman Grill: The Employee Retention Credit could help your business

If your business has been impacted financially by COVID-19, you may qualify for a new, refundable tax credit called the Employee Retention Credit. It...

Norman Grill: The CARES Act benefits explained

These measures include economic recovery checks for taxpayers, as well as several other tax provisions affecting individuals.

Norman Grill: Are Social Security benefits taxable?

Social Security benefits that may be taxable include monthly retirement, survivor, and disability benefits. Supplemental Security Income (SSI) payments are not taxable. Generally, you pay...