Required Minimum Distributions in 2021
Tax-advantaged accounts like 401(k)s and IRAs are convenient ways to save for your retirement. These types of accounts allow to you defer […]
Category: News
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 […]
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 […]