Extension Deadline Looming for 2020 Tax Returns
Extension Deadline Looming for 2020 Tax Returns Time is running short for taxpayers who requested an extra six months to file their 2020 tax return. As a reminder, Friday, October…
Tax Relief for Those Affected by Natural Disasters
Tax Relief for Those Affected by Natural Disasters Recovery efforts after natural disasters can be costly. With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout…
Increasing Revenue While Building Client Value
Increasing revenue while building client value Somewhere along the journey, many firms lost sight of the mission. The mission is not to address compliance. Compliance is a task to accomplish…
Minimizing Capital Gains Tax on Sale of a Home
If you’re looking to sell your home this year, then it may be time to take a closer look at the exclusion rules and cost basis of your home to…
Keeping Good Tax Records Is Essential
An important part of tax planning is keeping good records. Having an organized recordkeeping system makes it easier to file a tax return or understand a letter from the IRS.…
Opting Out of the Monthly Child Tax Credit Payment
Thanks to the advance payments of the Child Tax Credit, approximately 60 million children received $15 billion in July, according to the Department of Treasury and the IRS. While many…
Retirement Plan Options for Small Businesses
According to the US Small Business Administration, small businesses employ half of all private-sector employees in the United States. However, a majority of small businesses do not offer their workers…
American Rescue Plan Webinar Part 2- Local Governments & School Districts
American Rescue Plan Act of 2021 Part II of our American Rescue Plan webinar series to discuss the updated impact on local governments and school districts. Impact on Local Governments…
Six Steps to Protect Against Taxpayer ID Theft
Six Steps to Protect Against Taxpayer ID Theft Tax-related identity theft occurs when someone uses a taxpayer’s stolen personal information, such as a Social Security number, to file a tax…
What to Know About Backup Withholding
What to Know About Backup Withholding Backup withholding is a federal tax on income that otherwise typically doesn’t require tax withholding, such as 1099 and W2-G income. Taxpayers who receive…