Life 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 […]
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, […]
IRS 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 […]
Small 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.
IRS 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!
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!
Tax 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 […]
How the Tax Cuts and Jobs Act Will Affect Small Business Owners
MiBiz explains how small businesses may benefit from Pass-Through Deduction, Flat C Corp Tax Rate, Bonus Depreciation, and Accrual or Cash Accounting. The article even features our very own Sally Steffes, CPA! Click the link below to read more! Small Business Owners See Benefits From Pass-Through Deduction, Flat Tax Rate
Times Indicator – Effective Use of Your Retirement Plan or IRA
You’ve worked long and hard for years, saving diligently through your employer-sponsored retirement savings plan. Now, with retirement on the horizon, it’s time to begin thinking about how to tap your plan assets for income. First, evaluate your needs. Estimate your non-negotiable basic needs for things like housing, food and medical care. This is how […]