SBA enhanced its COVID-19 Economic Injury Disaster Loan (EIDL) program
Effective September 8, 2021, SBA enhanced its COVID-19 Economic Injury Disaster Loan (EIDL) program to assist small businesses to meet their financial obligations and operating expenses despite the suffering created by the Delta variant. With over $150 billion in funding…
Read moreKey Tax Changes Could Affect Your Tax Situation in 2021
Key tax provisions in the American Rescue Plan Act of 2021 could affect your tax situation. Below you will see information that may relate to your specific situation. Here’s what you need to know: Child and Dependent Care Credit…
Read moreWhat’s New for 2020 Tax Returns
As always, taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns. Let’s take a look: 1. Recovery Rebate Credit/Economic Impact Payment. In January, the Treasury Department and the IRS began sending…
Read moreCoronavirus Response and Relief Supplemental Appropriations Act of 2021
The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 is a $900B relief package to deliver a second round of economic stimulus for individuals, families, and businesses. The package provides relief through multiple measures and expands many of the…
Read moreIndividual Taxpayers: Year-End Tax Planning Strategies
With the end of the year fast approaching, now is the time to take a closer look at tax planning strategies you can use to minimize your tax burden for 2020. General Tax Planning Strategies General tax planning strategies…
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