On March 11, President Biden signed into law the American Rescue Plan Act (ARPA) of 2021. This bill introduced a $1.9 trillion COVID-19 relief package designed to help boost the economy amidst the effects of the pandemic. This article will focus on those who received unemployment benefits as well as
With the tax cuts in the American Rescue Plan reducing the costs of childcare for families, your clients may actually save money by paying their nannies legally if they are not doing so already. Tax breaks, including those in pandemic relief legislation, are obviously not available to families who pay
Perhaps they want their business to expand, or maybe they’re just having cash flow issues. Whatever the need is, your business-owning clients often have a love/hate relationship with banks. The reason is simple: Your client needs money. Banks are in the business of lending it. Many people have often felt
The IRS has now clarified some of the rules relating to the extension in Notice 2021-21 (IR-2021-67, 3/29/21). Background: The normal tax filing due date returns and paying any resulting tax is April 15 (or the next business day if the 15th falls on a holiday or weekend). However, this
In my previous article on keeping data secure while working remotely, I covered steps to take to ensure your devices and those of your employees are protected from data breaches while everyone is working from home. The next best practice to implement is data encryption. I recommend being thorough and
2017 was almost over when Congress approved and then-president Donald John Trump signed the TCJA, short for the Tax Cuts and Jobs Act. Both its supporters and opponents agree that there can be no two opinions about whether enacting tax reductions was Mr. Trump’s signature legislative accomplishment. Those who praise
New updates from Intuit and the QuickBooks team this month include QuickBooks Cash coming to QuickBooks Online Accountant, a payroll insights dashboard, simplified search within QBO Accountant and the opening of Accountant Council applications. QuickBooks Cash in QuickBooks Online Accountant Intuit has started rolling out to accountants and their firms
Issues with clients often happen, but when it becomes disruptive to a positive working relationship, it is usually best to move on and hopefully amicably. In this blog post, Jody Linick shares her personal experience about the right things to do when it comes time to disengaging with a client.
Maryland’s newly minted digital advertising tax went into effect recently, but for how long remains an enigma, as a coalition of technology and business organizations have mounted a compelling legal challenge. The coalition in the civil case says in their lawsuit that the new law violates three specific laws: The
Private businesses have many safeguards in place to ensure that they remain independent after an event such as the death or retirement of an owner. It’s best to decide beforehand what would happen to this person’s shares in the company. How do they do this? The answer is funded buy-sell