News
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Employee Retention Credit
Source: irs.gov - Jan 14, 2021 The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and... Read more > Category: General Business |
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IRS Says Key Tax Forms Will Be Ready For Tax Season, But There’s No Start Date Yet
Source: forbes.com - Jan 14, 2021 With all of the last minute changes to the Tax Code - and those stimulus check reconciliations - it was clear that the Internal Revenue Service (IRS) was going to have to make revisions to tax... Read more > Category: General Business |
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How Trump’s tax policy improved the incentive to buy lottery tickets
Source: finance.yahoo.com - Jan 14, 2021 President Donald Trump’s second impeachment begins Wednesday for his role in inciting an insurrection at the Capitol on Jan. 6, adding another ignominious stain to his legacy for historians to... Read more > Category: General Business |
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New bill would fight homelessness by raising California’s corporate tax rates
Source: mercurynews.com - Jan 14, 2021 New, higher tax rates on large corporations doing business in California would raise $2.4 billion to fund state homeless programs under a bill announced Wednesday. Assembly Bill 71, known as the... Read more > Category: General Business |
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Can you get your own stimulus check? This is what it takes to qualify for one as an adult
Source: cnet.com - Jan 13, 2021 Though a second stimulus check of up to $600 per person is on its way to millions of Americans, about 13 million young people aged 17 to 24 who are listed as dependents on their family's taxes are... Read more > Category: General Business |
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PPP reopens its doors this week. Here are 8 things small businesses need to know.
Source: inquirer.com - Jan 13, 2021 Now that Congress finally got around to it, a new round of the Paycheck Protection Program is resuming this week. If you’re a small-business owner and you want to take advantage of this... Read more > Category: General Business |
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When Will You Get Your 2021 Income Tax Refund?
Source: cpapracticeadvisor.com - Jan 13, 2021 2020 is DONE. Now, let's think good thoughts for 2021, starting with the coming vaccines, and then income tax refunds. First: The Covid stimulus payments you received in 2020 (and the second check... Read more > Category: General Business |
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If you don't get your second stimulus check by Jan. 15, this is what you'll have to do
Source: cnet.com - Jan 11, 2021 Millions of Americans have already received their second stimulus check for up to $600 per eligible person in the past two weeks, through direct deposit, mailed check or EIP card. If you haven't... Read more > Category: General Business |
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Illinois to withhold federal tax breaks
Source: wcia.com - Jan 11, 2021 SPRINGFIELD, Ill. (WCIA) — Governor J.B. Pritzker announced a plan to withhold federal COVID-19 relief funds from small businesses to help fill the state budget deficit. Congress approved... Read more > Category: General Business |
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Did You Sell or Spend Bitcoin in 2020? Here's What You Need to Know About Taxes
Source: fool.com - Jan 11, 2021 While the IRS acknowledges that bitcoin and other cryptocurrencies can be used to pay for goods and services in many cases, and can be readily exchanged for U.S. currency, it treats it a bit... Read more > Category: General Business |
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COVID-19 Relief Package FAQ
Source: taxfoundation.org - Jan 8, 2021 Leadership in the U.S. House and Senate came to an agreement in December over the details of a $900 billion COVID-19 relief bill, (Consolidated Appropriations Act, 2021) to be attached to a broader... Read more > Category: General Business |
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Tax Deductions Guide and 20 Popular Breaks for 2020 and 2021
Source: nerdwallet.com - Jan 8, 2021 Tax deductions and tax credits can be huge money-savers — if you know what they are, how they work and how to pursue them. Here's a cheat sheet. What is a tax deduction? A tax deduction lowers... Read more > Category: General Business |
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Mega Millions $510M jackpot: Here’s the tax hit
Source: foxbusiness.com - Jan 8, 2021 The Mega Millions jackpot surged to $510 million this week, after no winner was declared during Tuesday’s drawing. The massive prize represents only the eighth time that the jackpot has exceeded... Read more > Category: General Business |
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How concerned investors should be about Biden’s tax proposals
Source: cnbc.com - Jan 8, 2021 Stocks and taxes: what’s going to happen? The Democrats’ control of Congress has shone a new spotlight on Biden’s tax proposals, particularly those that would affect stocks and bonds.... Read more > Category: General Business |
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Still waiting on your New Orleans property tax bill? It's been delayed, and here's why.
Source: nola.com - Jan 7, 2021 Waiting on your property tax bill in New Orleans? So is the rest of the city. Blame paperwork problems and overly optimistic city officials for holding up the annual notices telling property... Read more > Category: General Business |
