American Rescue Plan and the Child Tax Credit
The American Rescue Plan signed by President Biden in March 2021 made significant changes to the Child Tax Credit (CTC). These changes […]
Category: News
A Return to Pre-Pandemic Tax Rules
In response to the pandemic that has affected us all, several temporary changes were made to the rules that govern our tax […]
Registration Now Open for Restaurant Revitalization Fund
The U.S. Small Business Administration launched the registration portal for the $28.6 billion Restaurant Revitalization Fund (RRF) on April 23, and is […]
2020 Tax Deadline Delayed for Individuals
On March 17, the IRS announced that the federal income tax filing deadline for individuals will be automatically extended from April 15, […]
Up to $10,200 of Unemployment Compensation Now Tax Free
On March 11, President Biden signed into law the American Rescue Plan, which aims to provide additional relief to Americans that are […]
Did You Get Your Stimulus Payments?
The IRS has announced that they have finished making all first and second rounds of Economic Impact Payments. These Economic Impact Payments […]
Wider Availability Announced for Small Business PPP Loans
On February 22, 2021, the Biden administration announced a new exclusive Paycheck Protection Program (PPP) loan application period for businesses and non-profits […]
Possible Pandemic Tax Surprises
The ongoing coronavirus pandemic has caused a lot of disruption in people’s lives. Some have lost jobs, others have started side jobs, […]
Updated PPP Loan Forgiveness Applications Released
The Small Business Administration (SBA), and the Treasury Department have published updated Paycheck Protection Program (PPP) loan forgiveness guidance and forms, including […]
Tax Filing Season to Begin February 12
The IRS has announced that it will begin accepting and processing 2020 tax returns on Friday, Febrary 12, 2021. This is later […]