Even More Tax Filing Extensions
June 11th, 2021 Brad Hennebert
Ever since COVID hit, nothing has been the same. Filing your taxes, strangely enough, has changed from the norm. 2019’s filing deadline was pushed to July 2020, 2020’s filing deadline was May 17th 2021, but this year some people get EVEN MORE time! Here is the handy list of the who/when/why! Disaster Victims Victims of […]
Estimated Tax Payments
June 9th, 2021 Brad Hennebert
Estimated tax payments for second quarter are coming up due on June 15th, 2021. If you are not accustomed to making estimated tax payments, the following is for you! WHAT IS AN ESTIMATED TAX PAYMENT? Estimated tax payments cover tax on income not subject to withholding, such as income from self-employment, gains from the sale […]
LOOKING AHEAD TO THE 2021 TAX SEASON
June 2nd, 2021 Brad Hennebert
Its not too early to look ahead to what’s in store for tax season 2021. COVID reliefs will impact tax returns for years! Here is a list of a few key updates for 2021: Child and Dependent Care Credit You may have received increased amounts of the credit and eligible expenses for dependent care. For […]
PPP Loan Eligible Expenses
April 23rd, 2021 Brad Hennebert
The Paycheck Protection Program (PPP) offered a lot of assistance to businesses struggling during the COVID pandemic. Originally, businesses that received PPP loans were only able to cover payroll costs, some interest on covered mortgages, rent payments, and utilities, but could not deduct other corresponding expenses. What’s New? If you received the first-round of Paycheck […]
