Welcome to another edition of Tax Tips & Traps. Every quarter we offer the latest information to help you plan, invest and save.  We invite you to call our office if there are any points within the publication that you would like to discuss.

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In this edition:

Page 1: TAX TICKLERS
Page 1: STARTING A BUSINESS AND NOT GETTING PAID: CAN I COLLECT EI?
Page 2: TIPS: REPORTING ISSUES
Page 2: REAL ESTATE SALES: TAXABLE OR NOT?
Page 3: CONTRIBUTIONS OF GOODS OR SERVICES TO AN NPO: TAX IMPLICATIONS
Page 3: HOME ACCESSIBILITY RENOVATION CREDIT: INCREASE IN HOME VALUE?
Page 4: WORKING FROM HOME DURING COVID-19: HOME OFFICE EXPENSES
Page 5: BUSINESS USE OF THE HOME: ELIGIBLE EXPENSES
Page 5: UNCOLLECTIBLE ACCOUNTS: MAKING THEM VALUABLE

This publication is a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals. Enjoy!