Taxes

Small business coronavirus

April 12, 2021 

Businesses are Feeling Recovery, But is it Stable?

At the same time, most also agree that the small business economy is far from out of the woods yet, especially as COVID case counts increase in many areas and skyrocketing costs of supplies fuel worries about inflation.

Covid Economy Taxes

April 1, 2021 

Accounting Amid COVID: When Will CPAs Get Some Relief?

This year, while a marked improvement from its predecessor, has faced a few similar challenges – primarily, that tax practitioners have again been left scratching their heads. This time, the confusion is around why the IRS gave only one extra month for the tax season, compared to three last year. The injury has been worsened...…

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March 31, 2021 

Some May Receive Extra IRS Tax Refund for Unemployment

Because a change in the taxability of unemployment benefits was made into law after some people filed their taxes, the IRS will automatically calculate the amount those taxpayers should be refunded, starting in May.

Treasury Checks

March 31, 2021 

Some Will Receive Second IRS Tax Refund in May

The IRS will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan.

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March 31, 2021 

New York State Legalizes Recreational Marijuana

Adults over 21 will also be allowed to grow marijuana at home. It will be a while before legal sales begin or plants are allowed to grow as the newly-created Office of Cannabis Management is formed and finalizes rules and regulations.