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Business Owners Can Claim Tax Credits for Employee Sick Leave
Under the American Rescue Plan Act of 2021 (ARP) ( P.L. 117-2), small and midsize employers and certain government employers are entitled to claim refundable tax credits that reimburse them […]
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Take Your Client Out for Dinner
With so many tax changes taking place over the last few years, it is hard to keep up with everything that is going on. However, this one is worth a […]
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Advance Child Tax Credit Update & Why You May Want to Opt Out
The IRS has started sending letters to over 36 million families who, based on tax returns filed, became eligible to receive monthly child tax credit payments starting July 15. Eligibility […]
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The IRS Answers American Rescue Plan Tax Credit Questions
The IRS recently answered some of the most frequently-asked-questions from families and small and mid-sized employers about claiming credits under the American Rescue Plan (ARP). These FAQs provide information on […]
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Enhance Your Wealth Management with Trusts
Trusts can be a useful tool for affluent individuals and families when it comes to wealth management, protection and growth. But there are a wide variety to choose from, so […]
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Starting a New Business? Know Your Tax Rules!
With the economy improving now and in the months or quarters ahead, many business owners and entrepreneurs may decide to launch new enterprises. If you’re among them, be aware that the […]
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Q&A on the Advance Child Tax Credit Payments
There are a lot of questions swirling around about the advance Child Tax Credit, so we wanted to answer a few of them here. If you have further questions, or […]
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Treasury Encourages More IRS Investment
The Treasury Department recently released a statement discussing investment in the IRS and improving tax compliance. While roughly 99 percent of the taxes due on wages are remitted to the […]
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Unemployment Tax Refunds on the Way
The IRS announced that it had started issuing refunds to eligible taxpayers who paid taxes on 2020 unemployment compensation that was excluded from taxable income by the recently enacted American […]
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Other Rescue Benefits Outside of Stimulus Checks
When you think back on this spring, you may recall a deposit to your bank account by the federal government (if you were eligible). Economic Impact Payments were a focal […]
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Keep These 3 Things in Mind After Filing Your Tax Return
Regardless of when your return is filed, and that date keeps moving from year to year it seems, here are three things to keep in mind. You can check on […]
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Amounts Paid for COVID-19 PPE Are Deductible Medical Expenses
The IRS recently issued guidance clarifying that amounts paid for personal protective equipment (PPE)—such as masks, hand sanitizer and sanitizing wipes—for the primary purpose of preventing the spread of the […]
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