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The Latest Tax Info You Need to Know

The Latest Tax Info You Need to Know

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,...
Are You Taking Advantage of These 3 COVID-Related Business Tax Credits?

Are You Taking Advantage of These 3 COVID-Related Business Tax Credits?

by Jonathan Bill | Oct 19, 2020 | Biz Taxes, COVID-19

Put into place to help small business owners during the COVID-19 crisis, these tax credits may help you reduce your business’s financial burden: Employee Retention Credit This credit encourages businesses to keep employees on their payroll. The refundable tax credit...
How to Reduce Higher Education Costs with Tax Credits

How to Reduce Higher Education Costs with Tax Credits

by Jonathan Bill | Sep 25, 2020 | Personal, Tax Season

If you, your spouse or your dependent child takes college classes — whether online or in-person, part-time or full-time — you may be able to offset some of the costs with tax credits. These credits reduce the amount of tax you owe. And if the credit reduces your tax...
Working from Home? Here’s What You Need to Know About Taxes

Working from Home? Here’s What You Need to Know About Taxes

by Jonathan Bill | Aug 31, 2020 | Biz Taxes, COVID-19, Small Business

Thanks to COVID-19, you may find yourself working from home — whether for the first time or more often than before. So can you claim a home office deduction when you file your 2020 tax return next year? First of all, if you are an employee, you are NOT eligible to...
COVID-19 Update: 3 New Tax Credits May Apply to Your Small Business

COVID-19 Update: 3 New Tax Credits May Apply to Your Small Business

by Jonathan Bill | May 20, 2020 | Biz Taxes, COVID-19

The IRS has announced three new tax credits available to employers affected by the COVID-19 crisis. You may qualify for one or more of them: Employee Retention Credit This refundable tax credit is designed to keep employees on your payroll. It provides a credit of 50%...

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