by Jonathan Bill | Sep 16, 2021 | Biz Taxes, Small Business
As a small business owner, it’s important to classify your workers properly. Federal and state withholding, Social Security and Medicare, and unemployment taxes are all dependent on this classification. Independent Contractor Vs. Employee Whether a worker is an...
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 | Mar 25, 2021 | COVID-19, Small Business, 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 | Mar 11, 2021 | COVID-19, Tax Season
Please note: The new American Rescue Plan Act signed by President Biden last week includes some items — including unemployment income and healthcare premium assistance — that affect 2020 tax returns. We will hold all tax returns until more info is released. Depending...
by Jonathan Bill | Feb 25, 2021 | COVID-19, Small Business, Tax Season
I f you’re a sole proprietor, independent contractor or owner of a very small business, now’s your time to apply for a Paycheck Protection Program (PPP) loan. Thanks to a temporary rule change by the Biden Administration, the SBA will ONLY accept applications for PPP...
