Certified Public Accountant specializing in personal, non-profit and forensic accounting and tax preparation
Employee Retention Credits—ERCs—have been a surprising silver lining during the pandemic. Businesses were faced with difficult decisions at the start of the pandemic. With shutdowns and reduced business, many wanted to keep their employees but didn’t know how. Fortunately, the CARES Act introduction of ERCs provided a way forward. Now, we know that not only…
Child tax credits are typically claimed when you file your tax returns. However, if you’re a parent, you’ll be happy to hear that, starting in 2021, child tax credits will be coming in the form of advance payments. The payments represent half of what you qualify for in terms of child tax credits, with the…
Both small businesses and the restaurant industry took a serious plunge during the COVID-19 pandemic. But there seems to be a silver lining ahead. The government is taking steps to revive the economy, including making tax-payer friendly adjustments to business deductions. In 2021 and 2022, business meals will be 100% tax deductible. Read on for…
If you were worried about filing your taxes on time this year, feel free to breathe a sigh of relief. The IRS announced an extension of the deadline for 2020 tax returns from April 15th to Monday, May 17th. But if you need more time to organize your documents, you can still get an extension,…
