by Jonathan Bill | Jun 16, 2021 | Biz Taxes, COVID-19, IRS
Paid Sick & Family Leave Credits were enhanced under the American Rescue Plan (ARP), which was enacted in March. The credits reimburse small and mid-size (and certain governmental) employers for the cost of providing paid sick and family leave to their employees...
by Jonathan Bill | Apr 21, 2021 | Biz Taxes, IRS, Tax Season
Tax Return Deadline: May 17 While the IRS has extended the federal income tax filing due date for individuals to May 17, we can no longer accept returns to meet that deadline. If we have NOT yet received your paperwork, we will be happy to file an extension for you....
by Jonathan Bill | Apr 7, 2021 | Biz Taxes, COVID-19, Tax Season
Tax Return Deadline Extended to May 17 The IRS has extended the federal income tax filing due date for individuals from April 15 to May 17. To accommodate the new deadline, we will accept returns until Thursday, April 15th. If we receive your paperwork AFTER April 15,...
by Jonathan Bill | Jan 29, 2021 | Biz Taxes, COVID-19, Small Business, Tax Season
T/he SBA recently reopened the Paycheck Protection Program for both “First Draw” and “Second Draw” PPP loans for eligible small businesses. This second go-round is intended to make PPP loans more flexible, helpful and accessible, especially to hard-hit restaurants....
by Jonathan Bill | Dec 30, 2020 | Biz Taxes, COVID-19, GA Taxes, Small Business
On December 27, 2020, President Trump signed into law the newest $900 billion COVID-19 relief bill. The legislation, part of the Consolidated Appropriations Act, 2021, provides additional pandemic relief and clarifies the deductibility of business expenses paid with...
by Jonathan Bill | Nov 3, 2020 | Biz Taxes, Personal, Small Business, Tax Season
Each year, the IRS adjusts income thresholds, deduction amounts and tax tables for inflation using the Chained Consumer Price Index (C-CPI) as the basis for its changes. The adjustments recently announced will affect your 2021 deduction limits and tax brackets (for...
