Employee Retention Credit & The Recovery Startup Business
As part of the American Rescue Plan Act of March 2021, there has been an extension, as well as an expansion to who can [...]
13
10, 2021
12
08, 2021
Tax Breaks for Retirees that You Should Take Advantage Of
Millions of people retire every year and this past year the pandemic has pushed more people into retirement. Whether the retirements were voluntary or [...]
4
08, 2021
Connecticut Department of Revenue Services Offering Sales Tax Relief for Sellers of Meals
The Connecticut General Assembly enacted legislation under which certain sellers of meals are allowed to retain the sales tax they collect on sales of [...]
14
06, 2021
Child tax credit payments are set to roll out in July, IRS says
Millions of families are eligible to receive a generous Child Tax Credit (CTC) for 2021. The American Rescue Plan Act of 2021 expanded the [...]
27
05, 2021
Employee Retention Credit Updates
On April 2, 2021, the Internal Revenue Service (IRS) issued a second Employee Retention Credit (ERC) notice. Notice 2021-23 follows Notice 2021-20 and provides [...]
12
02, 2021
Stimulus Payments – What to know for your 2020 tax return
Stimulus checks (also known as Economic Impact Payments or EIP) were prepaid 2020 tax credits intended to stimulate the economy by providing consumers with [...]
29
01, 2021
Energy Efficient Home Credit for Developers – How to claim for new construction
Energy efficient dwellings built between December 31, 2017, and December 31, 2020, now qualify for a tax credit, which was renewed under the Further [...]