The new stimulus bill has been signed – what does this mean for my business? The President has just signed the Consolidated Appropriations Act of 2021 which includes a $900B COVID-19 relief package. The relief package includes several key provisions which may provide a significant benefit to businesses throughout the Country. The following is an…
Protecting Business Taxpayers From Identity Theft Starting December 13, 2020, the IRS began masking sensitive data on business tax transcripts. Previously, only sensitive data on individual tax transcripts was masked. Here’s what you need to know about this new initiative to protect business taxpayers from identity theft: What is a tax transcript? A tax transcript…
Important Tax Changes for Individuals and Businesses Every year, it’s a sure bet that there will be changes to current tax law and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here’s a checklist of tax changes to help you plan the year ahead. Individuals In 2020,…