COVID-19 Latest Updates
IRS REFUND DELAYS EXPLAINED | As of February 18, 2022
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...
21 February, 2022ADVANCE CHILD TAX CREDIT COMING THIS MONTH – Should you Opt Out? Possibly
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,...
09 July, 2021Restaurant Revitalization Fund – SBA Stimulus
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 appli
03 May, 2021What’s in ARPA, The Newest Round of Economic Stimulus
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
23 March, 2021Why This Year’s Tax Filing Experience Will Be Like No Other
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...
23 March, 2021Important Tax & Stimulus Updates 2021 & Filing Deadline Changed
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...
19 March, 2021IRS Problems and Delays, Tax Season Updates and Deadlines!
We are staying on top of it ALL for YOU! Due to the government and IRS disruption from COVID-19… This year the IRS has delayed the beginning of tax return filings to 2/12/21, and they still have not completed all of the 2020 tax forms...
22 February, 2021NEW STIMULUS FUNDS AVAILABLE: Important updates to the prior email sent on 12/21/2020
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 Forgive
26 January, 2021Use our ShareFile Secure Client Portal to share your records and accounting information with us!
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...
04 January, 2021Work with us 100% virtually this tax season for your individual and business tax returns!
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...
04 January, 2021A NEW Stimulus Bill is to be released and signed soon!
Here is what we know now. More details to come in the following weeks! AS OF 12/21/2020 What is in this NEW Stimulus Bill? Information from trusted sources is here NOW ready for you, our valued client! In a contiued effort to stay on top...
21 December, 2020If you maintain a home office, you may be entitled to a special tax break on your commuting costs
Now, more than ever, many small business owners are working from home. While Zoom meeting after Zoom meeting can start to wear thin, removing the daily commute from one’s schedule is a huge bonus afforded to those working remotely these days. For many businesses, this...
03 November, 2020PPP Loan Forgiveness Tax – Plan For This Now
As of today, September 28, 2020, the amount of business PPP loans that are forgiven are taxable. For federal purposes, PPP loan forgiveness may be excluded from gross income. However, the IRS issued “Notice 2020-32” in April 2020 stated that the expenses directly associated with...
28 September, 2020Payroll tax deferral options & PPP forgiveness updates
AS OF 8/7/2020 As we have stated in prior newsletters, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and other PPP related rules. Below are a few of the major and recent changes, and more changes will...
15 September, 2020Surviving business slow down
Surviving business slow down, business continuation issues as well as negative IRS tax outcomes It is a good time to understand IRS tax strategies and business continuation strategies – especially while we are seeing a small business economic fallout. A handful of us in our...
02 September, 2020Recent Changes to PPP Loan and Forgiveness
AS OF 6/29/2020 As we have stated in prior newsletters, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and other PPP related rules. Below are a few of the major and recent changes, and more changes will be...
30 June, 2020Changes to PPP Loan Forgiveness (6-8-20)
AS OF 6/6/2020 As we have stated in prior newsletters, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and other PPP related rules. Below are a few of the major and recent changes, and more changes will be...
08 June, 2020Apply for local small business grants now!
AS OF 5/22/2020 If you are a small business owner, then you should check your local city and county for any available grants that may be available to you. Recently, in our area of Florida, Pinellas County, Hillsborough County and Pasco County have all offered...
23 May, 2020PPP Updates as of May 19, 2020
AS OF 5/19/2020 We have not been sending newsletters recently on stimulus, as the Federal government has not been issuing new stimulus packages for the past two weeks. However, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and...
21 May, 2020Stimulus Updates: PPP, EIDL, Individual Stimulus and Unemployment
AS OF 4/29/2020 This newsletter builds on the many prior updates that we have been sending on the small business and individual stimulus that has become available during this COVID-19 crisis. This is another update. If you missed the prior information, you are able to...
29 April, 2020
