Congress Terminates the Employee Retention Credit Early
President Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law on November 15, 2021. One of the provisions of that...
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Aug 13, 20212 min read
Protect yourself from an unqualified tax preparer: Choose a CPA
Anyone preparing a tax return for compensation must have a PTIN issued by the IRS, but there are no requirements associated with...
Aug 10, 20218 min read
The Treasury Green Book of Biden Proposed Tax Changes
The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, which includes a general explanation of the...
Aug 6, 20214 min read
Day Care Providers Enjoy Special Tax Benefits
A taxpayer who is in the business of providing family day care in their home may deduct the ordinary and necessary expenses of their...
Jun 25, 20215 min read
2021 - the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers
This is an overview of the several tax benefits that were included in the American Rescue Plan Act recently passed by Congress that will...
Jun 23, 20212 min read
IRS Unveils Online Tool to Register or Opt out of Child Tax Credit Payments
As we noted in prior articles, Congress has made substantial changes to the child tax credit (CTC) for 2021. · The CTC has been increased...
May 25, 20211 min read
July15 is anticipated first expanded Child Tax Credit payment for families
The Internal Revenue Service and the U.S. Department of the Treasury announced recently that the first monthly payment of the expanded...
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