State and local municipalities are offering valuable tax credits and incentives to companies dedicated to growth. When you are managing a growing business, it can be difficult to find the time to research, apply for and comply with the
This week the Congress Budget Committee passed the American Rescue Plan, otherwise know as the Biden Administration’s $1.9 trillion stimulus bill. The House is expected to pass the bill tomorrow, and then it will move to the Senate. As
The IRS has recently issued over 260,000 taxpayers notices (CP59) stating they have not filed their 2019 individual return. Due to ongoing pandemic issues and major delays within the IRS, the IRS has not completed processing all of the
All recipients of Provider Relief Fund (PRF) payments must comply with the reporting requirements as set by the Department of Health and Human Services. Below are some highlights: Update 1 Recipients of PRF payments exceeding $10,000 must register in
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the
In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen customer lists to start his own mortgage business. The perpetrator hacked the protected records by sending an email containing malware to
All recipients of Provider Relief Fund (PRF) payments must comply with the reporting requirements as set by the Department of Health and Human Services. Below are some highlights of the registration process: Recipients of PRF payments exceeding $10,000 must
The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, includes a variety of economic relief measures. One such measure allows certain banks and credit unions to temporarily postpone implementation of the controversial current expected credit loss (CECL)
INFORMATION BULLETIN #119 Internal Revenue Code Provisions Not Followed by Indiana and Clarification of Related Issues This bulletin is intended to provide a list of the most significant modifications necessary. In many cases, these modifications may be adopted retroactively. ITEMS
When it comes to taxes, December 31 is more than just New Year’s Eve. That date will affect the filing status box that will be checked on your 2020 tax return. When filing a return, you do so with
Military retirees and surviving spouses may experience a larger tax deduction from their military retirement funds this individual income tax season due to a 2019 Indiana tax law. On February 1, the Indiana Department of Revenue (DOR) issued information
Below are some key updates to the FAQs for the Department of Health and Human Services Provider Relief Fund Program. If an entity incurred enough lost revenue in April and May 2020 to justify its use of the Provider
