The IRS announced on April 13, 2021 the penalty relief provided by Notice 2020-22 to apply to deposits of employment taxes reduced in anticipation of the following credits has been extended: Paid sick and family leave credits under the
Some people who already received a third stimulus check will get an additional payment from the IRS. Will you be one of them? After many Americans have received a third stimulus check following President Joe Biden‘s $1.9 trillion COVID relief
If you’re approaching retirement, you probably want to ensure the money you’ve saved in retirement plans lasts as long as possible. If so, be aware that a law was recently enacted that makes significant changes to retirement accounts. The
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your 2020 individual tax return is due to be filed in less than three months (unless
The U.S. Small Business Administration (SBA) is targeting early April to launch a phased rollout of the $28.6 billion Restaurant Revitalization Fund (RRF), a senior SBA official testified during a Senate Small Business Committee hearing. The American Rescue Plan
It’s just human nature. Offer people more time to do something, and they’ll take it. The IRS announced this week it is extending the tax deadline from April 15 to May 17. Listed below are some significant reasons why
May 15 may be the new extended deadline for filing your 2020 tax return, but April 15 is still the deadline for the first quarterly estimated tax payment for 2021, if you’re required to make one. You may have
If you’re getting ready to file your 2020 tax return, and your tax bill is higher than you’d like, there might still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a
Small businesses that received a COVID-19 Economic Injury Disaster Loan (EIDL) won’t have to start making payments on the loan until 2022, the U.S. Small Business Administration (SBA) said. In a news release issued Friday evening, the SBA announced
If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum distributions (RMDs) when you reach a certain age — or you’ll be penalized. The CARES Act, which passed last
The highly debated $1.9 trillion American Rescue Plan has come to fruition. President Biden is scheduled to sign the bill on Friday. What does that mean for businesses and individuals? Businesses Restaurant Revitalization Grant – Up to $5 Million per
Attending college is one of the biggest investments that parents and students ever make. If you or your child (or grandchild) attends (or plans to attend) an institution of higher learning, you may be eligible for tax breaks to
