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Want to know more about tax and accounting? Read our blogs to learn more about new regulations, pro tips, and guidance for smart tax management.
IRS Encourages You To Take Action To File Tax Returns Timely and Accurately
The Internal Revenue Service encourages taxpayers to take necessary actions to help file federal tax returns timely and accurately in 2021. RECOVERY REBATE CREDIT/ECONOMIC IMPACT PAYMENT Taxpayers who received an Economic Impact Payment, should keep Notice 1444, Your...
Are Your Unemployment Benefits Taxable?
Over 36 million people filed for unemployment this year in the wake of the Covid-19 pandemic. All unemployment benefits are considered taxable income. By January 31, 2021 you will receive a Form 1099-G that will show your total benefits and taxes withheld. Under the...
Paycheck Protection Program (PPP) December 2020 Updates
As of December 2020, the U.S. Small Business Administration continues to process loan forgiveness applications. If you have not already applied, you are urged to do so as soon as possible. Earlier this year, the Federal Government approved a stimulus package that...
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