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Updates and Latest Posts

COVID-19 Related Sick and Family Leave Tax Credits

COVID-19 Related Sick and Family Leave Tax Credits

Over the last eighteen months, Congress passed a series of laws to help employers meet their payroll needs and incentivize them to retain employees.  Each law passed added new layers to the previous legislation.  These laws provided sick and family leave tax credits...

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IRS Problems – Plenty to Pick From

IRS Problems – Plenty to Pick From

The Birth of a Mess   Since Obamacare was passed a decade ago and the IRS become the primary administrator of so many parts of its enforcement, the IRS, which was already stretched thin and had never been anyone’s poster boy for efficiency, began its long...

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Advance Child Tax Credit – Tax Year 2021

Advance Child Tax Credit – Tax Year 2021

UPDATED 08/20/21 Paper checks for some recipients. Treasury says that the vast majority of families received their August advance payments by direct deposit and that the remainder will receive checks in the mail. Due to a technical issue expected to be resolved by the...

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Child Tax Credit Payment Tracker for 2021

Child Tax Credit Payment Tracker for 2021

Click following button to access the FORM... It can also be printed for your use.Contact Us We would love the opportunity to let you know more about our firm and the solutions we could offer to meet your specific needs.

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Third Stimulus

Third Stimulus

Signed in early March, The American Rescue Plan Act included a third stimulus payment of $1400 per person.  (For example, a married couple with two children can receive up to $5600.) This should be simple, and for most taxpayers it will be.  Though the payments are...

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Unemployment Benefits – Does the IRS Owe You Money?

Unemployment Benefits – Does the IRS Owe You Money?

Not everyone received unemployment benefits in 2020, but for those who did … it was a glorious mess.  This gets confusing so please hang on.  But remember, as of this writing, the exemption from taxation of some unemployment benefits is for 2020 only! Until early...

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Miscellaneous Tax Changes 2020

Miscellaneous Tax Changes 2020

Charitable Contributions For 2020, you will be allowed to deduct up to $300 in charitable contributions on your tax return, even if you use the standard deduction.  Donation of goods will not count for this special deduction.  In 2021, the deduction increases to $600...

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Personal Tax Solutions

Personal Tax Solutions

Full-service Accounting firm offering a broad range of services for individuals, business owners, executives, and independent professionals. We are affordable, experienced, and friendly.

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