What you need to know about Child Tax Credit 2021

What you need to know about Child Tax Credit 2021

Most eligible U.S. families began receiving Child Tax Credit payments on July 15, a historic tax relief geared toward reducing child poverty, especially at a time when many are struggling financially as the pandemic’s impact lingers. The Child Tax Credit, first...
Is your PPP loan forgiven?

Is your PPP loan forgiven?

A Guide to PPP Loan Forgiveness: What You Need to Know The application for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), a fully forgivable loan designed to support small businesses in keeping their workers on the payroll during...
What you need to know about Child Tax Credit 2021

Understanding the Expanded Employee Retention Credit

The Consolidated Appropriations Act of 2021 (CAA), signed into law on December 27, 2020, significantly enhanced and extended the Employee Retention Credit (ERC), providing further federal financial relief to businesses impacted by the pandemic. The ERC is a refundable...
What you need to know about Child Tax Credit 2021

Retirement Plan Audits: When do I need one?

With the passing of the October 15th deadline, tax season has finally ended. October 15th is not just the extended deadline for taxes to be filled. It is also the extended deadline for Form 5500 to be filed for retirement plans, and if the plan is a “large plan”, an...
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