IRS announces two new online tools to help families manage Child Tax Credit payments…
Clients & friends, today the IRS announced two new online tools families can use to help manage their Child Tax Credit payments. There is now a portal to unenroll from advance payments on the child tax credit. Also note that for those who are married, both spouses will need to unenroll. For all the details, […]
SBA defers repayment of disaster loans…
The Small Business Administration pushed back the deferment period for all its disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. Click here for all the details!
Direct Deposit Info on the IRS website?
Dear Friends, We have had several clients inquire about where they can go to update their direct deposit information on the IRS website. Taxpayers who previously received paper checks or have since changed bank accounts should be able to go online soon… In the coming weeks, Treasury plans to develop a web-based portal for individuals […]
H&S 2019 Tax Newsletter
We hope that you enjoyed the holidays and that 2019 is off to a great start! For us, the new year brings a new tax season and a new tax newsletter. Our annual tax newsletter is full of many new tax law changes, and we hope you find it helpful. Please feel free to contact […]
Postcard tax return, not so simple afterall…
AccountingToday explains why the newly unveiled postcard tax return isn’t so simple afterall. Click the link below to read more! AccountingToday explains Postcard Tax Return
Research & Development Tax Credits
You don’t need to work in a lab to perform research and development (R&D). Frequently, asking the simple question of, “How could this be better?” kicks off a process of discovery that the IRS would define as R&D. If your business ever asks itself this question, click on the image below to find out if […]
Tax Extenders Passed!
In case you missed it, the tax extenders included in the budget deal passed on February 8th. Of course, please feel free to reach out to your H&S tax professional with questions about these provisions. Click the image below to download a summary of tax provisions extended as part of the budget deal signed 2/9/18!
H&S 2018 Tax Newsletter
Well folks it’s here, another new year! Happy 2018! We hope you enjoyed the holidays, and were able to spend time with family and friends. Our annual tax newsletter is full of many new tax law changes, and we hope you find it helpful. There are sure to be questions, so please feel free to […]
2017 Tax Reform! Last-minute year-end moves…
Check out this letter for last-minute year-end moves you can make, in light of the Tax Cuts and Jobs Act.