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May 17, 2021  |  In Tax

Why Filing an Extension for Your Taxes Is a Good Thing

This year, a record number of tax returns will be put on extension, and yours might be one of them. Having your return go on extension makes some taxpayers fearful and even angry.  There are a lot of things to worry about in life, but filing a tax extension is not one of them.  Here […]

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March 23, 2021  |  In Tax

Tax Deadline Extended for SOME but NOT ALL Tax Returns and Payments

The IRS announced a change in the deadline for certain federal tax return and payment due dates.  Here is what is extended as of this posting (March 19, 2021): 2020 Individual 1040 returns are now due May 17, 2021 2020 Individual 1040 tax payments are now due May 17, 2021 You can read the announcement […]

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March 15, 2021  |  In Tax

Tax Changes Affecting Businesses from the American Rescue Plan Act

The American Rescue Plan Act of 2021 (ARPA) signed into law on March 11, 2021 by President Biden contains numerous tax provisions which may affect the tax situation for your business in 2020 and 2021.  We’ll provide a general recap of some of the major changes impacting businesses in this article.  Employee Retention Credit The […]

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March 15, 2021  |  In Blog, Tax

Tax Changes Affecting Individuals from the American Rescue Plan Act of 2021

The American Rescue Plan Act of 2021 (ARPA) signed into law on March 11, 2021 by President Biden contains numerous tax provisions which may affect your taxes in 2020 and 2021.  We’ll provide a general recap of some of the major changes in this article.  Recovery Rebate The biggest news for taxpayers is a stimulus […]

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February 9, 2021  |  In Blog, Business Tips, Tax

Does Your Business Qualify for the Employee Retention Credit?

The Employee Retention Credit is one of the many IRS tax breaks for businesses that was included in the 2020 CARES Act as well as the recent Consolidated Appropriations Act, 2021.  The goal of the credit is to provide financial relief to businesses that suffered from the effects of coronavirus but retained their employees. The […]

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