2022 Tax Filing Deadline Extended to February 15th, 2024
The Treasury Department and the Internal Revenue Service have provided disaster relief for areas impacted by Hurricane Idalia tax relief. The relief covers 48 counties in Florida, including Southwest Florida, 46 counties in Georgia, the entire state of South Carolina. Under this relief, the tax deadline for has been extended until February 15, 2024 for […]
Another IRS scam is looming: Watch out for the child tax credit scam
For the past few months, we’ve discussed several IRS tax scams that we felt you should be aware of. Unfortunately, this one, there’s a new one making the rounds. The IRS is now warning taxpayers of child tax credit scammers. Spotting fraud The IRS reports that criminals are using the child tax credit as a […]
What is the child tax credit?
Do you have questions about the child tax credit, who is eligible to receive it, and the impact it could have on your tax liability? You’re not alone. For this blog post we wanted to break down some of the most common FAQs. When does it start? Eligible households likely received their first payment on […]
What is the employee retention credit?
In January 2021, the IRS began to urge employers to take advantage of the extended employee retention credit, which was designed to help businesses keep staff on their payroll, despite the economic challenges brought on by the COVID-19 pandemic. Enacted in late-December of last year, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 […]
Relief for Employers – New Opportunities for Tax Credits on Wages
The Consolidated Appropriations Act, 2021 extends and expands the employee retention credit first created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The employee retention credit is designed to encourage businesses to keep workers on their payroll and support small businesses and nonprofits through the Coronavirus economic emergency. Eligible employers may claim the […]