June 11th, 2021

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 […]

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June 9th, 2021

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 […]

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June 2nd, 2021

Its not too early to look ahead to what’s in store for tax season 2021. The American Rescue Plan Act means lasting impacts from COVID for tax returns! Here is a list of a few key updates for 2021: Child and Dependent Care Credit The new law increases the amount of the credit and eligible […]

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April 23rd, 2021

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, interest on covered mortgage obligations, covered rent obligation payments, and covered utility payments, but could not deduct other corresponding expenses. What’s New? Business Owners, if […]

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