Eligible Businesses: Claim the Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here is
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Many Parents Will Receive Advance Tax Credit Payments Beginning July 15
Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue
The Biden Administration Proposes Far-Reaching Tax Overhaul
President Biden recently announced his $1.8 trillion American Families Plan (AFP), the third step in his Build Back Better policy initiative. The announcement followed the previous releases of the proposed
Federal Individual Tax Filing Deadline Extended
The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until May 17, 2021 as a
If You Run a Business from Home, You Could Qualify for Home Office Deductions
During the COVID-19 pandemic, many people are working from home. If you are self-employed and run your business from your home or perform certain functions there, you might be able
2021 Tax Calendar
To help you make sure you do not miss any important 2021 deadlines, we have provided this summary of when various tax-related forms, payments, and other actions are due. Please
Can Your Business Benefit from the Enhanced Employee Retention Tax Credit?
COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax Credit (ERTC), which
2021 Q1 Tax Calendar for Businesses & Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. This list is not all-inclusive, so there may be additional deadlines
The Right Entity Choice: Should You Convert from a C to an S Corporation?
The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide to switch from one entity type
You May Be Eligible to Use More Than One Taxpayer Filing Status
When it comes to taxes, December 31 is more than just New Year’s Eve. That date will affect the filing status box that will be checked on your 2020 tax