Publication 5419: New Employer Tax Credits

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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...

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Each year, it is estimated by UNICEF that 130 million babies are born, resulting in many parents welcoming a new member into...