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Mar 2, 20211 min read
Concerns about unused FSA balances? IRS offers expanded flexibility
The Internal Revenue Service has recently announced that, due to the pandemic, they would extend greater flexibility to employee benefit...
Feb 28, 20214 min read
Employee Retention Credit Extended
In order to help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid,...
Feb 26, 20212 min read
Mom & Pop Businesses Move to Front of the Line for PPP Loans
At the direction of the White House and effective on Wednesday, February 24, 2021, the SBA will establish a 14-day, exclusive PPP loan...
Feb 22, 20211 min read
Biden-Harris modifications to PPP program
Today, the Biden-Harris administration announced the following modifications to the PPP program: Institute a 14-day period, starting...
Feb 10, 20215 min read
These Tax Return Red Flags Could Catch the Eye of the IRS
Tax time can be one of the most hated times of the year. Just preparing the forms is enough to be an irritant, and if you owe the...
Feb 8, 20213 min read
7 Obscure or Overlooked Tax Deductions, Credits, and Benefits
Here are 7 issues you may not be aware of and that can save you tax dollars. If this makes your head spin reach out and we’ll help you...
Feb 6, 20215 min read
How Biden’s Rescue Plan Might Impact Your Taxes
President Biden released his “American Rescue Plan”. It is a wish list of proposals he wants Congress to enact to address the COVID-19...
Feb 5, 20212 min read
Don't throw away that Notice 1444
The IRS is mailing all recipients of Economic Impact Payments a Notice 1444 that provides information about the amount of their payment,...
Jan 22, 20211 min read
Solar (REEP) Tax Credit Phaseout
After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...
Jan 21, 20211 min read
PPP Simplified Loan Forgiveness
Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is a...
Jan 20, 20212 min read
PPP Loan Forgiveness
Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is a...
Jan 19, 20212 min read
PPP Maximum Loan Amounts
The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second...
Jan 18, 20211 min read
Employer-Provided Educational Assistance through 2025
After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...
Jan 16, 20211 min read
Flexible Spending Arrangements Carryover
After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...
Jan 14, 20212 min read
Clarification of Tax Treatment of Covered Loan Forgiveness Expenses
After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...
Jan 12, 20212 min read
Paycheck Protection Program (PPP) Loans & Small Business Support
After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...
Jan 9, 20212 min read
Additional 2020 Recovery Rebates
An additional round of economic impact payments (EIPs) is included in the legislation but the amount is substantially less than the first...
Jan 8, 20212 min read
Increased Business Meal Deductions for 2021 and 2022
If you recall, the Tax Cuts and Jobs Act (TCJA), effective beginning in 2018, eliminated the business-related deduction for...
Dec 22, 20201 min read
COVID-19 Relief Bill Update
On December 21, Congress passed a much needed COVID-19 relief bill and the President is expected to sign the bill today. The key points...
Dec 14, 20201 min read
Safety tips for online purchases
With an increase in online shopping this year, you’re probably already practicing basic online and mobile safety. But there are some...
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