Not sure you will get all of the relief you’re legally due this tax season? We’re here to help. Ask us about some of the federal government’s new programs for small businesses, if you haven’t already. If you’re already one of our clients, we’ve been working hard to keep you up to speed on all of the programs that may apply to you. But don’t hesitate to schedule a new appointment with us —just to make sure any new changes out of Washington this year won’t catch you by surprise. Here, below, are the four main small business aid programs from 2020 that were initiated and passed by Democrats and … Read More
COVID
The COVID Factor
COVID has triggered a lot of change in the world, and will complicate your taxes this year. Be sure to get qualified, professional tax help before filing, and be ready to answer at least some of the following questions: Did you get your stimulus checks? The amount of your stimulus payments must be reconciled on your 2020 Form 1040 to determine if you qualify for the Recovery Rebate Credit. The recovery rebate credit is a new addition to the federal income tax return. Did you qualify for stimulus payments but didn’t receive them or didn’t get the full amount to which you are entitled based on your 2020 income? The Recovery Rebate … Read More