On July 15, about 36 million Americans will start receiving advance monthly checks from the IRS under the expanded Child Tax Credit. The bill, part of the President’s American Rescue Plan Act, increases the child tax benefit to $3,600 per child under age 6 and $3,000 per child between the ages of 6 and 17. […]
Insights
Dear Clients & Friends, The dust has finally settled on this year’s extended tax season, and as tax professionals, we continue to set our attention on helping you plan for the future. After what has been a challenging year for millions of Americans, the question remains as to what the government will do to help […]
As things slowly get back to normal in the wake of the pandemic, many of us are looking forward to getting back to our favorite restaurants. After a year of unprecedented economic hardship, the government is offering funding through the Restaurant Revitalization Fund (RRF) to help ensure restaurant doors remain open.
Spring is in the air, the days are getting longer, and more of us are getting vaccinated against Covid-19, so there’s plenty to be grateful for. There is good news on the tax front as well to help the economy recover from the pandemic.
Internal Revenue Service (IRS) has just announced new guidance on retroactive changes to the employee retention credit, expanding its availability and wage limitation to $10,000 per employee per quarter.
Tax season may be a stressful time for many business owners, and unfortunately, some try to take advantage of that. This is a peak time for financial scams. That’s why it’s so important to be vigilant and never respond to emails or click on links unless you are sure they are genuine. Some scams will ask […]