Do You Have a Household Employee? Are You Sure?
In an effort to capture income from household employees, the tax code requires you to obtain employee information, pay the related state […]
Category: News
Child Tax Credit Payments Have Begun
The first advance payment from the newly expanded child tax credit was recently sent out by the IRS. Payments are scheduled to […]
Plan Now to Lower Your 2021 Tax Bill
Now is the time to begin tax planning for your 2021 return. Here are some ideas: Contribute to retirement accounts. Tally up […]
Advance Child Credit Payments Update
The American Rescue plan signed in March, 2021 requires the IRS to pay out one half of enhanced Child Tax Credits (CTC) […]
2020 Unemployment Compensation Refunds Are On Their Way
The American Rescue Plan Act of 2021 (ARPA) retroactively excluded up to $10,200 in unemployment compensation per taxpayer paid in 2020. Since […]
Required Minimum Distributions in 2021
Tax-advantaged accounts like 401(k)s and IRAs are convenient ways to save for your retirement. These types of accounts allow to you defer […]
American Rescue Plan and the Child Tax Credit
The American Rescue Plan signed by President Biden in March 2021 made significant changes to the Child Tax Credit (CTC). These changes […]
A Return to Pre-Pandemic Tax Rules
In response to the pandemic that has affected us all, several temporary changes were made to the rules that govern our tax […]
Registration Now Open for Restaurant Revitalization Fund
The U.S. Small Business Administration launched the registration portal for the $28.6 billion Restaurant Revitalization Fund (RRF) on April 23, and is […]
2020 Tax Deadline Delayed for Individuals
On March 17, the IRS announced that the federal income tax filing deadline for individuals will be automatically extended from April 15, […]