Is The Government Keeping Your Refund?

, , , , , , ,
  Article Highlights: Bureau of the Fiscal Service Allowable Refund Offsets Disputing an Offset Injured Spouse Claim We all look forward to receiving our tax refunds, but what if you were expecting a refund and it never…

Loan Application Period for the Paycheck Protection Program Extended

, ,
Article Highlights:   Loan Application Period Extended Paycheck Protection Program Qualifying Expenses Loan Forgiveness If you missed the opportunity to apply for a Paycheck Protection Program (PPP) loan before the program…

Employers, Don’t Miss Out on the Work Opportunity Credit 

, , , ,
  Article Highlights: Potential Credit Eligible Employees Credit Determination Certification Process Other Issues The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extended the Work Opportunity Tax Credit…

The July 15th Deadline Is Fast Approaching, and it Isn’t Just for the 2019 Individual Tax Return

, ,
The July 15th Deadline Is Fast Approaching, and it Isn’t Just for the 2019 Individual Tax Return Article Highlights:   Extensions Contributions to IRAs Estimated Tax Payments for the First Two Quarters of 2020 Individual…

Don’t Throw Away That Notice 1444

,
Article Highlights:   Notice 1444 You May Qualify for Additional Credit on the 2020 Return Tax Records The IRS is mailing all recipients of Economic Impact Payments a Notice 1444 that provides information about the amount…

3 Ways to Receive Payments in QuickBooks Online

, ,
 Recording customer payments is one of your more pleasant accounting tasks. Depending on the situation, you can choose from multiple ways to do this using QuickBooks Online.   If you made New Year’s resolutions this last January, you’ve…
What You Need to Know About the People First Initiative

What You Need to Know About the People First Initiative

,
The global COVID-19 pandemic has presented significant challenges for American citizens from both the health and financial perspectives. Many individuals are looking for ways to reduce the financial impact of layoffs or furloughs they have…
Unique IRA Opportunities for 2020

Unique IRA Opportunities for 2020

As bad as it has been financially for many individuals, 2020 does provide some unique tax opportunities for those who have traditional IRA accounts. These range from converting traditional IRAs to Roth IRAs, retirees making larger-than-normal…
July 2020 Individual Due Dates

Notice: Don't Miss These Important IRS Due Dates in July

July 1 - Time for a Mid-Year Tax Check Up Time to review your 2020 year-to-date income and expenses to ensure estimated tax payments and withholding are adequate to avoid underpayment penalties or to determine if the estimated payments and/or…
Congress Liberalizes PPP Loan Forgiveness

Congress Liberalizes PPP Loan Forgiveness

,
If you are the owner of a small business that was able to obtain a Paycheck Projection Program (PPP) Loan, you have probably already started worrying about how you are supposed to spend the loan proceeds to maximize loan forgiveness. When…