News & Information: Accounting, Tax and COVID-19 Resources
The Consolidated Appropriations Act, 2021 extends the employer credit for paid family and medical leave through December 31, 2025. Under separate provisions of the Consolidated Appropriations Act, 2021, the credit for coronavirus-related paid sick and family leave, originally part of the Families First Coronavirus Response Act, is extended through March... This year, 2021, may again prove to be challenging relative to your taxes. Preparing for taxes early can not only save you time, but it may also save you money. FEMA dollars provided to you due to Hurricane Ida damages, other government benefits, unemployment benefits, or working multiple jobs (several... The American Rescue Plan Act of 2021 modifies several tax provisions, including a third round of direct stimulus payments, enhancements of many personal credits meant to benefit people with lower incomes and children, extensions of highly popular payroll tax credits for employers first instituted at the beginning of the pandemic,... The first advance payment from the newly expanded child tax credit was sent out in July by the IRS. Payments are scheduled to be made on the 15th of each month through December. By this week you should have received three payments, one in July, one in August, and one... Do you have a hobby? Did it unexpectedly turn into a source of income? The IRS recently sent out a tax tip letting taxpayers know that money made is money to be reported for tax purposes. Here is the IRS tax tip: “Many people are engaged in hobby activities that...
