March 24, 2021

The American Rescue Act – SIMPLIFIED

The following is a brief summary of the American Rescue Plan Act of 2021, which was signed into law on March 11, 2021. Economic Impact Payments […]
March 17, 2021

Tax Consequences of Crowdfunding

Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-raising projects for fees generally ranging […]
March 17, 2021

Tax Deductions Without Itemizing

Most taxpayers think they have to itemize their deductions to claim them on their tax return. However, that is not entirely true. There are certain deductions […]
March 17, 2021

Special Rules Apply to 2020 Earned Income Tax Credit and Child Tax Credit

Because of the pandemic, many individuals have seen their employment (earned) income plummet. In that situation, two very important tax credits, the Earned Income Tax Credit […]
February 17, 2021

Employee Retention Credit Extended

In order to help trades and businesses retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act […]
December 7, 2020

Don’t Fall Behind in Saving for Retirement

Some folks have been tapping or suspending their retirement savings to make ends meet during this COVID-19 pandemic, and although understandable, it is important that they continue […]
November 11, 2020

10 Tips for Better Budgeting

If you already have a budget, it’s probably been difficult for you to stick with it for the last several months. Unless you provide products and/or […]
April 1, 2020

CARES Act – Student Loan Forgiveness

There has been some confusion as to what affect the CARES Act has on Federal student loans. Prior to the CARES Act, the president announced a […]
March 27, 2020

CARES Act – The Federal Coronavirus Economic Relief Plan

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law in an effort to stimulate our weakened economy […]