Tax Newsletter October 2022
In This Issue: IRS Backlog for Processing Forms 941 Increasing IRS Announces the Creation of a New Office New Charitable Remainder Trust IRS Web Page IRS Temporarily Made Form 990-T Data Public Texas Announces 2022 Fourth Quarter Local Sales and Use Tax Rate Changes Michigan Explains Personal Income Tax Treatment of Digital Currencies Office of […]
January 2021 Newsletter COVID-19 Relief Bill with PPP Expansion
Trump Signs COVID-19 Relief Bill with PPP Expansion Basics and Beyond is ready to provide an update on the newest COVID-19 bill signed into law. This webinar will review the COVID-19 Relief Bill: Coronavirus Relief Act of 2020, PPP loan funds and forgiveness, Business Meals, FFCRA, Employee Retention Credit, Tax Extenders, SBA Loans, etc. Join […]
Getting Ready for the 2021 Tax Season
Tax Planning 2021 New in 2021: Those who Did Not receive an EIP may be able to claim the Recovery Rebate Credit Clients may be able to claim the Recovery Rebate Credit if they met the eligibility criteria in 2020 and: They didn’t receive an Economic Impact Payment this year, or Their Economic Impact Payment […]
Tax Newsletter: December 2020
Important Update to the November Newsletter – Concerning Marketplace and Healthcare Subsidy – May Impact Your Client Please review the first page of the November Newsletter to get the background on this issue – here is what has happened thus far: The client’s return has been received but on where’s my refund – it says […]
Tax Newsletter: November 2020 Secure Act Part 2?
Will we see a Secure Act Part 2? As we approach the end of– an unexpected, unbelievable 2020 year – many will remember this year for the virus and the extended tax season. Others may remember the transition into online CPE and learning. Unfortunately, the virus will follow us in 2021, but it has been […]
TAX Newsletter: October 2020
As the October 15th tax deadline approaches, the 2020 filing season ends and we prepare for the 2021 season. Many are engaged in preparing the final 2020 returns and in some cases getting the client to provide those final pieces of information. October is also our annual TAX Boot Camp. This series of classes prepare […]
Tax Newsletter: August 2020
As we approach the fall of 2020, the Senate is still considering its options with the HEROES Act. At last glance Congress was putting something together, but I am not sure anyone has a handle on the specifics. More stimulus, more unemployment compensation and more coronavirus legislation are under consideration. The Fall textbook in in […]
Paycheck Protection Program Flexibility Act Newsletter
Due to the additional guidance provided regarding the PPP Loans and the Paycheck Protection Program Flexibility Act, we have created an additional newsletter for June. For those of you who attended the PPP Loan Forgiveness webinar, we have summarized the questions we received. In This Issue New Employer Tax Credits: Publication 5419 PPP Questions and Answers Economic Impact […]
