The ERTC Means Big Dollars for Small Businesses, and It Is Not Too Late
As small business owners and individuals alike now pass the two-year mark of when their lives were first upended by COVID-19 shutting down the world and their livelihoods, many fraught mo... Thad Inge and Claire Nevill
Lessons from Another Difficult Tax Season
We are amid our third difficult tax season in a row: 2020 gave us the Families First Coronavirus Response Act and the CARES Act; 2021 gave us the Consolidated Appropriation Act, 2021, and the American Rescue Plan Act; and 2022 continues the aftermath of all these tax laws... Thomas Gorczynski, EA, USTCP
Important Things to Know for Tax Year 2021 Returns
Infrastructure Investment and Jobs Act On November 5, 2021, Congress passed the Infrastructure Investment and Jobs Act (H.R. 3684), which President Biden is expected to sign into law. The new law addresses provisions rel... TheTaxBook
2021 Employee Retention Credit Overview
Employee Retention Credit Guidance for First and Second Quarters of 2021 The Internal Revenue Service (IRS) has now released guidance to address changes made by the Consolidated Appropriations Act, 2021, for... TheTaxBook
The DNA of NAEA
As I write this, it is early June, summer is on the horizon, and the 2021 tax filing season is finally abating. The consensus seems to be this was one of the toughest ever. As someone said, it is hard to play when the rules change in the middle of the game. They sure d... David Tolleth, EA
Things You Need to Know for Tax Year 2021
Advanced Payments of Child Tax Credit to Begin July 15 The Internal Revenue Service (IRS) has announced that the first monthly payment of the expanded and newly advanceable child tax credit from the American Rescue Plan will b... TheTaxBook
COVID Leave Update: Voluntary Extension and Expansion of FFCRA Leave
As with any new presidential administration there is always a period of out with the old and in with the new. Many of you may have noticed the flurry of news reports regarding changes or new hires made by the new administration. If you are anything like... Christina N. Rogers