News & Articles

June 28, 2021

2021 Child Tax Credit, IRS Online Tools Available

We hope everyone is doing well and enjoying your summer! As many of you already know the American Rescue Plan increased the child tax credit for 2021. The IRS has released additional information regarding this credit and the advanced payments in the last few weeks that we wanted to make sure everyone is aware of. […]

March 13, 2021

The American Rescue Plan (ARP) Act

The American Rescue Plan (ARP) Act: On Thursday, President Biden signed the second largest economic relief package in U.S. history – The American Rescue Plan Act (ARP).  This is just slightly smaller than the April 2020 Coronavirus Aid, Relief, and Economic Security Act, or CARES Act.  Here are the highlights: If you earn less than […]

January 24, 2021

Virtual Currency Taxation

Virtual currency is treated as property for Federal tax purposes by the IRS and is taxed accordingly.  As a result, you must recognize gain or loss on the exchange of virtual currency for cash or other property.  This is for all transactions in which virtual currency is sold, traded for a different virtual currency, or […]

January 24, 2021

January 15, 2021 Newsletter: E-filing to Open February 12th & Identity Protection Pins

Hi Everyone, We hope your new year is starting off great! We wanted to keep you informed of some news that the IRS has released this week. IRS to open tax filing season on February 12th Identity Protection Pins open to all individuals What does this mean for you? E-filing to begin February 12th Even […]

January 24, 2021

January 8, 2021 Newsletter: Yearend Newsletter

Happy New Year Everyone! As is customary this time of year, we’ve been busy preparing for the upcoming tax filing season.  We have seen our firm grow over the last year, with new faces and continued success for our clients. We would like to say thank you to you all for your continued support and […]

January 7, 2021

December 9, 2020 Newsletter: Yearend Planning for Businesses

Hello – We hope this message finds you healthy and safe this holiday season. There is still time for year-end planning and to maximize your tax savings. In this newsletter we will quickly touch on planning ideas for S Corporation owners as well as developments relating to the PPP Loan. IRS Payroll Requirements – Pay […]

January 7, 2021

August 24, 2020 Newsletter: Reminder of Tax Deadlines & FAQs

We hope that everyone is doing well! We wanted to remind everyone of the important tax deadlines coming up along with a few other updates to recent legislation. September 15th Deadline for S Corporations, Partnerships, and Third Quarter Estimated Payments The extended due date for S Corporation and Partnership tax returns is September 15th, 2020. […]

May 4, 2020

April 28, 2020 Newsletter: Updates to IRS Website, Get My Payment Tool

This newsletter has important information regarding the stimulus checks and updates to the IRS system that is allowing many more taxpayers to update their direct deposit information with the IRS to receive their stimulus payments. Here is the website to update your direct deposit information with the IRS: IRS Get My Payment Tool The Internal […]

May 4, 2020

April 23, 2020 Newsletter: Waiver of Time Requirements for Foreign Earned Income Exclusion

Hi Everyone – We hope everyone is healthy and staying safe. This newsletter will focus on our international clients abroad, and the updates just issued by the IRS for COVID-19 impacts to the 330-day foreign earned income exclusion. We understand that many of you have been unable to leave the United States in recent weeks […]

May 4, 2020

April 15, 2020 Newsletter: Where’s My Stimulus Check

This newsletter has important information regarding the stimulus checks and automatic extension to 7/15. Before we get into things, we hope all our clients and their families are staying healthy and safe during this trying time. Also, a short message to all of our clients we have worked with this year: Thank You! A sincere […]

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