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• March 18, 2021
  New COVID-19-Relief: The American Rescue Plan

  On March 11, 2021, President Biden signed the American Rescue Plan (“The Act”) into law. The Act provides $1.9 trillion of relief and is the third COVID-19 bill signed to help Americans since last March.The Act allocates money for stimulus payments and unemployment benefits, vaccines, schools, small businesses, and more. The following is a summary of…

• March 17, 2021
  IRS Extends the Tax Paying and Filing Deadline for Individuals

  Updated: March 22, 2021 THE INTERNAL REVENUE SERVICE HAS ANNOUNCED THAT INDIVIDUAL TAXPAYERS WILL BE GRANTED A LIMITED EXTENSION OF TIME UNTIL MAY 17, 2021 WITHIN WHICH TO FILE THEIR 2020 FORM 1040.

• March 5, 2021
  Work Opportunity Tax Credit extended through 2025

  Are you a business owner thinking about hiring?Be aware that a recent law extended a credit for hiring individuals from one or more targeted groups.

• February 24, 2021
  If you run a business from home, you could qualify for home office deductions

  During the COVID-19 pandemic, many people are working from home.If you’re self-employed and run your business from your home or perform certain functions there, you might be able to claim deductions for home office expenses against your business income.

• February 8, 2021
  The cents-per-mile rate for business miles decreases again for 2021

  This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile.As a result, you might claim a lower deduction for vehicle-related expenses for 2021 than you could for 2020 or 2019.