Many electronically filed tax returns will have refunds delayed up to 21 days this tax season. Tax returns that are mailed in to the IRS (NOT electronically filed) may be delayed for many months this tax season. The IRS is still processing tax returns and...
DON'T BE SURPRISED! THE ADVANCE CHILD TAX CREDIT WILL CAUSE MANY TAX SURPRISES NEXT YEAR AND 35 MILLION TAX REFUNDS HAVE NOT BEEN PAID BY THE IRS YET Over 36 million families will have some extra money in their bank accounts starting this month, as the first...
Under the American Rescue Plan Act of 2021, eligible restaurants, food trucks, and similar businesses may receive restaurant revitalization funding from the Small Business Administration. Registration will begin on April 30th at 9 a.m. EDT, and the SBA will begin accepting applications via the application portal (see link...
A third round of stimulus is poised to infuse the American economy with $1.9 trillion in economic aid with a significant portion going to enhance existing programs that have offered a lifeline to businesses throughout the COVID-19 pandemic. Known as the American Rescue Plan Act (ARPA), President Joe Biden signed...
Back when we were heading into 2021, there were signs that this year’s tax filing would be a very different experience when compared to previous years. Now, as we continue to emerge from the grip of the COVID-19 pandemic, measures such as the Paycheck Protection...
IMPORTANT TAX AND STIMULUS UPDATES PLUS The Individual Tax Return (Form 1040) Filing Deadline Changed To May 17, 2021 DELAYS, DELAYS, DELAYS, AND MORE DELAYS! - THIS IS THE IRS IN 2021 The IRS is still backlogged with answering calls, notices, and letters due to the Government staffing issues...
We are staying on top of it ALL for YOU! Due to the government and IRS disruption from COVID-19...
On 12/21/2020 -- We provided you with much of this information before the newest Stimulus Bill was even signed into law on 12/27/2020 - EVEN BEFORE THE NEWS MEDIA! However, BELOW is the most current IMPORTANT information, further clarification, additions and reminders: 1. PPP Loan Forgiveness will...
Hi Everyone! If you are one of our valued bookkeeping and accounting clients that we take care of throughout the year, I just wanted to remind you that we now have a secure client portal for you to use to submit your ongoing financial information...
Take a look at Todd’s short video about this easy tax season process, and our new emailed tax organizer, so that we are able to take great care of you VIRTUALLY this tax season! With COVID-19 concerns, all of our clients have been contacting us about...
