by admin | Mar 19, 2021 | Tax
On March 17, 2021, The Treasury Department and Internal Revenue Service (IRS) announced that the federal income tax filing and payment due date for individuals for the 2020 tax year will be extended from April 15, 2021, to May 17, 2021. We expect the IRS will be...
by admin | Dec 21, 2020 | CARES Act, COVID-19, PPP Program, Tax
Author: Lindsey Jackson, CPA Sunday afternoon Congress reached an agreement for the next round of COVID relief. While the text of the bill has yet to be released, the anticipated legislation is expected to include a few favorable tax provisions as well as updates to...
by admin | Oct 26, 2020 | Financial Services, Tax
By Noah Styles, CPA According to a 2018 America’s Health Insurance Plan article,[1] 22 million Americans have a Health Savings Account (HSA). Why so many? Well, HSAs have a unique triple tax incentive. If you are like the average person, when you...
by admin | Sep 15, 2020 | Education, Financial Services, Tax
By Noah Styles, CPA Do your kids plan on attending college? According to a 2019 Bureau of Labor Statistics article[1], 66% of high school graduates in the United States enrolled in college. With so many high school graduates starting college, a question...
by admin | Sep 10, 2020 | Agriculture, Business Advisory, CARES Act, COVID-19, Financial Services, PPP Program, Small Business, Tax
Author: Lindsey Jackson, CPA The Internal Revenue Service issued guidance regarding the employee payroll tax deferral described in the Presidential memorandum from August 8th. IRS Notice 2020-65 provides details to employers who are considering taking advantage of the...
by admin | Jun 4, 2020 | Audit, CARES Act, COVID-19, Financial Services, PPP Program, Tax
Author: Lindsey Jackson Congress reached an agreement yesterday evening on the Paycheck Protection Program Flexibility Act and the bill is now headed to President Trump’s desk for signature. This is great news as it provides some much-needed relief for businesses...
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