It was a busy morning at Wyoming! We had a fun time helping out a really amazing organization in our community! #manyhandsmakelightwork
Way to go LMA!
Nice job LMA!
Our office will be closed this Friday, June 18th while our employees spend the day helping our friends at Wyoming with a variety of projects they need completed! #manyhandsmakelightwork #givingback
Beginning on Friday, April 23rd and continuing through the end of the year, our office will be closing at noon every Friday. While our commitment to our clients and their success remains unchanged, we’re excited to be able to offer this opportunity for our employees to have some extra time outside the office to enjoy with their family and friends! #balance #workhardplayhard
Although the deadline for individual tax returns has been extended to May 17th, we will be closing our office at noon on April 15th and will be closed all day on April 16th to give our staff a much needed break from the madness! We’ll reopen on Monday, April 19th at 8am. #taxseason2021 #weneedanap
President Biden signed the American Rescue Plan into law today. In addition to numerous tax law changes for 2021, the law made two changes retroactive to 2020. If you have already filed a 2020 tax return and it included taxable unemployment benefits or the repayment of an Advance Premium Tax Credit, you may need to file an amended tax return to take advantage of the retroactive tax law changes.
American Rescue Plan Act passes with many tax components
www.journalofaccountancy.com
The $1.9 trillion coronavirus relief bill that passed Congress contains many tax provisions, including changes to the child tax credit and many other credits, making certain unemployment benefits tax-free in 2020, and a $1,400 recovery rebate credit for many individuals.It’s been a bit of an issue...
IRS continues to face mail backlog amid pandemic
trib.al
The Internal Revenue Service is still dealing with a backlog of unprocessed mail from 2020, hurting its efforts to provide help with COVID-19 relief payments and this year’s tax season.IRS to delay tax season until Feb. 12
IRS to delay tax season until Feb. 12
trib.al
The Internal Revenue Service plans to open filing season on Feb. 12, although it is making its Free File program available starting Friday.New PPP guidance issued by SBA, Treasury
New PPP guidance issued by SBA, Treasury
www.journalofaccountancy.com
The US SBA and Treasury released guidance for the revived and reconstituted Paycheck Protection Program. The guidance came in the form of two interim final rules, including one that details the guidelines for new PPP loans to businesses that previously received PPP funding.2021 standard mileage rates decrease
2021 standard mileage rates decrease
www.journalofaccountancy.com
The IRS issued the 2021 standard mileage rates for use in computing the deductible costs of operating an automobile for business, charitable, medical or moving expense purposes. The rates all decreased from 2021 to 2020.