Keep up with the latest news in the world of accounting and finance.
President Biden has released a summary of the “American Jobs Plan” that focuses on infrastructure improvements and other initiatives. He […]
Even though the provisions of the newly passed American Rescue Plan Act (ARPA) lean heavily toward individuals, there are several […]
Individual taxpayers get extra time to file their 2020 tax returns and pay their taxes because of the pandemic. The […]
The IRS is asking individuals who received unemployment benefits in 2020 and have already filed their 2020 tax returns, not […]
As tax season kicks off on Feb. 12, 2021, the IRS wants to remind taxpayers of some points they might […]
Do you receive a refundable Health Coverage Tax Credit (HCTC)? This credit is for a part of the premiums paid […]
The IRS is opening the 2020 individual income tax return filing season on Feb. 12. (This is later than in […]
COVID-19 has caused widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable […]
Businesses that generally report payments to workers on Forms 1099-MISC will need to adapt. Beginning with the 2020 tax year, […]
If you’re self-employed and don’t have paycheck withholding, you probably have to make estimated tax payments. These payments must be […]
The Section 179 deduction provides a tax benefit to businesses, enabling them to claim immediate deductions for qualified assets, instead […]
Many employees save taxes by placing funds in their employer’s health or dependent care flexible spending arrangements (FSAs). It’s a […]