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, […]
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 […]
H&S 2021 Tax Newsletter
[av_textblock size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” id=” custom_class=” av_uid=’av-kjubx7sd’ admin_preview_bg=”] Gratitude. Merriam-Webster defines this word as: the state of being grateful: thankfulness Given the hardships and heartache endured throughout the world over the last year you might find this an odd word to open with for our 2021 tax season communication. But you know […]
H&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 […]
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