Tag Archive for: Grand Rapids CPAs
https://www.hscompanies.com/wp-content/uploads/2023/03/EITC-Changes-Feature-Image_031123.jpg 1050 1425 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2023-03-11 10:19:252023-03-11 10:58:28Governor Whitmer signs legislation phasing out retirement tax & raising working families tax credit
https://www.hscompanies.com/wp-content/uploads/2022/04/Medicare-Seminar-Feature-Image_042922.jpg 563 750 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2022-04-29 17:57:272022-04-29 17:57:27Life Transitions Virtual Event Series
Our next series of seminars will focus on life transitions. Sign up for our next seminar covering the topic of Medicare!
Managing Medicare in Retirement:
If you are between the ages of 58 and 65, now is a great time to start learning about the rules and deadlines related to Medicare supplements. Join us for a virtual seminar where you’ll learn the options for transitioning to Medicare. Get your questions answered and learn from industry experts.
Hosted by: HS&C Wealth Management, A private wealth advisory practice of Ameriprise Financial
Presented by: Allie Amine, Medicare Specialist, Giardini Medicare
When: Wednesday, May 11th at 4pm EST. This seminar is virtual, a link to join will be provided.
Invite a friend or family member to learn about this important topic from an industry professional. This virtual seminar is free. There is no cost or obligation to attend.
Please RSVP to Sydney Bollaert by Monday, May 9th. Email: Sydneyb@hscompanies.com or call 616-456-6550 x1917
https://www.hscompanies.com/wp-content/uploads/2021/06/Child-Tax-Credit-Updated-Info_062221.jpg 1125 1500 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2021-06-22 15:58:102021-06-22 15:59:51IRS 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, please click the link below! And as always, feel free to reach out to your CPA or tax professional at H&S with any questions!
https://www.hscompanies.com/wp-content/uploads/2021/04/IRS-Further-Tax-Credits-Feature-Image_042221.jpg 360 480 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2021-04-22 10:17:562021-04-22 10:17:56IRS announces further details of tax credits available to help small businesses…
The Internal Revenue Service and the Treasury Department announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations.
The additional details, provided in a fact sheet, spell out some basic facts about the employers eligible for the tax credits. It also provides information on how these employers may claim the credit for leave paid to employees related to COVID-19 vaccinations.
Eligible employers, such as businesses and tax-exempt organizations with fewer than 500 employees and certain governmental employers, can receive a tax credit for providing paid time off for each employee receiving the vaccine and for any time needed to recover from the vaccine. For example, if an eligible employer offers employees a paid day off in order to get vaccinated, the employer can receive a tax credit equal to the wages paid to employees for that day (up to certain limits).
https://www.hscompanies.com/wp-content/uploads/2021/04/Biden-Signs-PPP-Extension-Feature-Image_040121-scaled.jpg 1920 2560 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2021-04-01 10:57:362021-04-01 10:57:36Small businesses have until May 31 to apply for a forgivable loan
On Tuesday, President Biden signed into law a two-month extension of the Paycheck Protection Program (PPP) one day before the coronavirus relief fund was poised to expire, giving small businesses until May 31 to apply for a forgivable loan. Click here for more details.
https://www.hscompanies.com/wp-content/uploads/2021/04/IRS-Recalculate-Taxes-Feature-Image_040121-scaled.jpg 1920 2560 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2021-04-01 10:23:312021-04-01 10:23:31IRS to recalculate taxes on unemployment benefits…
Dear Clients & Friends, the IRS has announced that they will start sending out the refunds in May for recalculated unemployment returns that have been filed. Click here to read more.
As always, please feel free to reach out to your H&S tax professional with any questions!
https://www.hscompanies.com/wp-content/uploads/2021/03/SBA-Defers-Repayment-Feature-Image_031621-scaled.jpg 1920 2560 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2021-03-16 11:02:552021-03-16 11:02:55SBA 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.
https://www.hscompanies.com/wp-content/uploads/2021/01/IRS-Tax-Update-Feature-Image_011821-2.jpg 1050 1425 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2021-01-18 13:50:462021-01-18 13:50:46Tax Filing Season Begins February 12th!
The IRS has announced that the 2021 tax filing season will begin on Friday, February 12th. Expecting a refund? Click here to read more on how the IRS plans to speed up the refund process amid the pandemic. Make sure to check out their tips for taxpayers below on how to make filing easier:
To speed refunds and help with their tax filing, the IRS urges people to follow these simple steps:
- File electronically and use direct deposit for the quickest refunds.
- Check IRS.gov for the latest tax information, including the latest on Economic Impact Payments. There is no need to call.
- For those who may be eligible for stimulus payments, they should carefully review the guidelines for the Recovery Rebate Credit. Most people received Economic Impact Payments automatically, and anyone who received the maximum amount does not need to include any information about their payments when they file. However, those who didn’t receive a payment or only received a partial payment may be eligible to claim the Recovery Rebate Credit when they file their 2020 tax return. Tax preparation software, including IRS Free File, will help taxpayers figure the amount.
- Remember, advance stimulus payments received separately are not taxable, and they do not reduce the taxpayer’s refund when they file in 2021.
https://www.hscompanies.com/wp-content/uploads/2021/01/Capture-1.jpg 545 1092 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2021-01-12 13:30:582021-01-12 13:52:46H&S 2021 Tax Newsletter
https://www.hscompanies.com/wp-content/uploads/2020/01/Capture-3.jpg 606 685 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2020-01-10 15:39:162020-01-13 13:30:58H&S 2020 Tax Newsletter
We hope that you enjoyed the holidays and that 2020 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 tax law changes and we hope you find it helpful. Please feel free to contact your H&S tax professional if you have any questions – we are here to help!
Click the image below to download a copy of our 37th annual tax newsletter. Please feel free to pass it on!
If you’d also like a copy of the checklist or questionnaire, please click the links below to download: