by TJS Staff | Jun 16, 2021 | Taxes
When to expect refunds for unemployment benefits If you collected unemployment benefits in 2020 and filed your return before March 11 you could be due an additional refund. The American Rescue Plan of 2021 treats the first $10,200 ($20,400 MFJ) as non-taxable for...
by TJS Staff | Jun 16, 2021 | Taxes
IRS to begin sending letters to families who qualify for monthly Child Tax Credits; payments start July 15 Families who are eligible for advance Child Tax Credit payments will receive a second, personalized letter listing an estimate of their monthly payment, which...
by TJS Staff | Aug 31, 2020 | Rules & Laws, Taxes
On Friday, August 28, 2020, the IRS issued guidance related to President Trump’s executive order for the deferral of payroll taxes, specifically the employee share of the Social Security tax. The order indicates that the employer has the option to defer withholding...
by TJS Staff | Jun 12, 2020 | Rules & Laws, Taxes
We are aware that many small businesses have applied for and received loans under the Paycheck Protection Program (PPP) with the intent that those loans will be forgiven. The guidelines are ever changing, but we want to provide clients with the most up to date...
by TJS Staff | Apr 1, 2020 | Rules & Laws, Taxes
We want to keep you up to date on some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. Below are the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic...
by TJS Staff | Apr 1, 2020 | Rules & Laws, Taxes
The Small Business Administration (SBA) has a new website called Coronavirus (COVID-19): Small Business Guidance and Loan resources. The new website includes information on the Paycheck Protection Program, Economic Injury Disaster Loans, SBA debt relief, SBA Express...
