Publication 5419: New Employer Tax Credits
The IRS released a flow chart that clearly explains The Employee Retention Credit, which is designed to encourage employers to keep employees...
IRS announces Form 1040-X electronic filing options coming this summer; major milestone reached for...
The Internal Revenue Service announced today, May 28, that later this summer taxpayers will for the first time be able to...
SBA provides safe harbor for PPP loans under $2 million
Businesses that together with their affiliates accepted Paycheck Protection Program (PPP) funds of less than $2 million will be assumed to have...
Paycheck Protection Program FAQs as of May 13, 2020
The Small Business Administration (SBA), in consultation with the Department of the Treasury have updated their FAQs as of May 13, 2020....
Common Form 7200 Errors
The IRS has issued a list of common errors seen in filings that tax preparers should avoid when preparing Form 7200, Advance Payment...
PPP Forgiveness: Deducting Associated Expenses Is A No-Go
Last night, IRS issued Notice 2020-32. Under the CARES Act, PPP loan amounts that are forgiven, are specifically excluded from taxable income....
May 5 Deadline for SSI and VA Beneficiaries
This “SPECIAL ALERT” may not be applicable to most of your clients, but you may have a friend, family member or other...
IRS Annual Filing Season Program
The IRS launched its Annual Filing Season Program to recognize unenrolled tax return preparers who voluntarily increase their knowledge and improve their filing season...
Economic Impact Payments – Who, What, When, Where & Why
Last week the IRS began distributing economic impact payments to millions of Americans as part of the Coronavirus Aid, Relief and Economic Security...
Beware of Scammers in the COVID-19 Era
The IRS released COVID-19 Tax Tips that preparers need to ensure they are sharing with their clients. The key points of the tip:
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Taking Your Firm Virtual Day Two: Firm Culture, Hiring & Implementation
Day two of the Taking Your Firm Virtual Summit was another information-filled day full of speakers with...
Taking Your Firm Virtual Day One: Data Security, SEO & Advisory
The Taking Your Firm Virtual Summit began yesterday, August 4. Hosted by Nayo Carter-Gray, founder of 1st...
5 Financial Tips to Share with Clients Who Are New Parents
Each year, it is estimated by UNICEF that 130 million babies are born, resulting in many parents welcoming a new member into...