IRS Economic Impact Payments and the Recovery Rebate Credit

https://www.youtube.com/embed/p8D6VYhvTWc The 2020 recovery rebate credit was paid in advance to most people in the first two rounds of economic impact payments. If you're like most people who were eligible, you've already received the full amount. If you received the full amount for the first two economic impact payments, do not include any information about …

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Guidance for Employers Claiming the Employee Retention Credit for First Two Quarters of 2021

This article was published by the IRS.  The Internal Revenue Service has issued guidance for employers claiming the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act). Notice 2021-23 PDF explains the changes to the Employee Retention Credit …

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SBA Programs – Scams and Fraud Alerts

This article was published by the SBA. Beware of Scams and Fraud Schemes The Office of Inspector General recognizes that we are facing unprecedented times and is alerting the public about potential fraud schemes related to economic stimulus programs offered by the U.S. Small Business Administration in response to the Novel Coronavirus Pandemic (COVID-19).  The Coronavirus …

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Help for Taxpayers

https://www.youtube.com/embed/Z-JTsA4C1Eo Do you have a tax question? If so, start with the "Help" link at the top of IRS.gov. There you'll find lots of useful information, whether you're filing your tax return, checking on your refund, looking for payment options, wondering about coronavirus tax relief, need a tax transcript, or have any other tax questions. …

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New Law Extends COVID Tax Credit for Employers Who Keep Workers on Payroll

This article was published by the IRS. The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December …

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American Rescue Plan Act Elevates Small Business Support in Response to COVID-19 Pandemic

This article was published by the SSA.  Upon President Biden signing the American Rescue Plan Act of 2021 into law, the U.S. Small Business Administration’s Senior Advisor Michael Roth stated:  “The American Rescue Plan Act enables the SBA to continue to lift up the cornerstones of our communities; the mom-and-pop businesses and nonprofits that provide essential services for …

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Future of Small Business Report 2021

https://www.youtube.com/embed/V7AHd-Vk5Sg What does the future hold for small businesses? You may be dreaming of making the best burger, coding a cool new app, or giving more than just a checkup. If your goal is to start your own business, you'll be happy to know that inspite of COVID-19's impact, businesses that feed us, connect us, …

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IRS Extends Additional Tax Deadlines for Individuals to May 17

This article was published by the IRS.  The Internal Revenue Service has announced that individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15, such as making IRA contributions and filing certain claims for refund. This follows a previous announcement from the IRS on March 17, that the federal income …

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QuickBooks Payroll: Features & How It Works 2021

https://www.youtube.com/embed/kTG58Bdqj88 Since your business is more than just you, we made QuickBooks Online Payroll do more than just payroll. With automated tax filing, integrated time-tracking, HR tools, and 24/7 expert product support, QuickBooks offers full service payroll designed to help you take care of your people. After setting up payroll, you just need to review, …

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