The IRS announced the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. This...
Big Changes to the Child Credit for 2021
Mar 31, 2021The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax credit, which means more money in the pockets of eligible pare...
The Evolution of the Employee Retention Credit
Mar 31, 2021The pandemic has adversely affected many sectors of the U.S. economy, causing widespread job losses. At the start of the national emergency, Congress created a ...
Penalties Imposed on Employers for Federal Labor Violations
Mar 18, 2021The U.S. Department of Labor’s Wage and Hour Division (WHD) recently issued news releases announcing judgments against three companies investigated for va...
Self-Employed May Be Eligible for COVID-Related Tax Breaks for 2020
Mar 17, 2021If you’re self-employed as a sole proprietor, partner or limited liability company (LLC) member, COVID-relief legislation passed in 2020 included tax brea...
4 Important Changes on Your 2020 Tax Return
Mar 17, 2021The pandemic has led to several changes to the tax rules for last year. Here’s a summary of four taxpayer-friendly changes that may affect your 2020 feder...
COVID-19 Relief: Overview of the New American Rescue Plan Act for Individuals
Mar 17, 2021The American Rescue Plan Act (ARPA) was signed into law on March 11, 2021. The new law will provide roughly $1.9 trillion in much-needed financial relief to ind...
COVID-19 Relief: Business Overview of the New American Rescue Plan Act
Mar 17, 2021The American Rescue Plan Act (ARPA) was signed into law on March 11, 2021. The new law will provide roughly $1.9 trillion in much-needed financial relief to ind...
Nine Ways Contractors Can Maintain Healthy Cash Flow
Mar 04, 2021Contractors trying to keep their construction companies financially healthy face two intrinsic challenges: the seasonal nature of construction work and the unp...
How Your Nonprofit Can Act on 2021’s Biggest Trends
Mar 04, 2021What can not-for-profit organizations expect in 2021 and beyond? One recent report, “11 Trends in Philanthropy for 2021,” offers some answers. Prod...