The American Rescue Plan is allowing a potential bigger deduction on your 2021 tax return for child and dependent care expenses. Depending on income you could get a max credit…
Cryptocurrency information
Just keeping at the top of every ones mind that sooner than we probably think they will be new regulations and reporting requirements for cryptocurrency. Some good information. http://ow.ly/Y3z850Hp2i4
Social Security Benefits for cost of living expenses and changes that will be taking efffect
Cost of Living increase for social security benefits to take effect. http://ow.ly/xOwV50Ho1jw
Advanced Child Tax Credit Information
If you received the Advanced Child Tax Credit, you will receive a letter from the IRS (Letter 6419) detailing how much you received. Please take this information along with your…
Why you should do Year End Planning if you want to Avoid high tax bills.
We can not stress enough the importance of year end planning with your tax professional. Great article about year end moves you can make to avoid any tax surprises. To…
Small Business Tax Information
How does your state rank for business taxes? There are a lot of great things in this article. With well over 90% of all business being small business it is…
New Auto Use rates
After decreasing two years in a row, the rate by which taxpayers may compute their deductions for costs of using an automobile for business purposes will go up to 58.5…
Advanced Child Tax Credit- Will you have to pay back anything received?
With some of the intended help during the pandemic comes potential unintended consequences. Some families may be obligated to pay back some of the funds if they received an overpayment…
Information on the Build Back Better Legislation
The Senate has released its version of the Build Back Better Legislation. Here is a great summary unless you want to read the whole 1,080 pages on your own. http://ow.ly/X4vh50HgHnR
Watch out for Scams on our Elderly
I'm sure most people have heard stories about scammers preying on elderly individuals. This is a great article on some things we can do to help them not fall prey…