June 8, 2021
Estimated Income Tax Payments Due by June 15
The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without penalty.
May 17, 2021
A COVID Tax Season Post-Mortem for 2021
Running an accounting practice has always come with unique challenges, but the COVID-19 pandemic brought unprecedented challenges, as well as some less-obvious opportunities.
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May 16, 2021
Tennessee Storm Victims Get Extended IRS Tax Deadline
Victims of this spring’s storms and tornadoes in Tennessee will have until Aug. 2, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced.
May 14, 2021
How to Get the Most Tax Benefits from the American Rescue Plan
Reach out to your clients as you learn about new legislation or guidance to give them your insights and the digestible version of what it means for them. This is your chance to cut through the technical jargon with easy-to-digest insights and showcase ...
May 3, 2021
Things You Learn Early when Your Mom is an EA Tax Professional
An Enrolled Agent, or EA for short, is a tax advisor who has earned the privilege of representing taxpayers before the Internal Revenue Service by completing a three-part exam, and is also the highest credential you can be awarded by the Internal ...
April 24, 2021
Planning For Tax Season: The Essentials
Taxes can be stressful and even overwhelming, whether you’re an individual taxpayer, a college student, or a small business owner. With tax laws changing, various deadlines, and wondering how much you’ll owe or get back, making sure you stay organized is
April 22, 2021
It’s Time to Leave These Busy Season Practices in the Past (Where They Belong!)
Every seasoned accountant has been there: feeling stretched too thin after an unforgiving busy season and eager to put it in the past.
April 22, 2021
Are You the Right Tax Professional for That New Client?
At the end of the day, building relationships with our clients and helping them succeed is our goal. These are just a few of the ways we like to ensure each client that comes to us is the right fit for their needs and ours.
April 22, 2021
IRS Gives Safe Harbor to SMBs to Claim Deductions for PPP Loans
With the Dec. 27, 2020, enactment of the Consolidated Appropriations Act, 2021, businesses now may claim these deductions even though they received PPP loans to cover original eligible expenses. These businesses can use the safe harbor provided by this...
April 20, 2021
Virtual Sessions Announced for TaxCon 2021
The National Association of Tax Professionals (NATP) announced its list of over 25 sessions that will be featured in the association’s second-annual TaxCon virtual education event, taking place Aug. 24-26, 2021. TaxCon includes many aspects attendees enjoy about live events, like one-on-one interaction with instructors, attendees and even exhibitors live throughout the event. All sessions...…
Small Business April 20, 2021
Florida Enacts New Sales Tax Laws Impacting Nexus and Marketplace Facilitators
Out-of-state sellers and marketplace providers will have to start collecting Florida sales and use tax on July 1, 2021. After years of discussion and failed attempts, Florida has enacted an economic nexus and marketplace facilitator law.
April 1, 2021
IRS Has Sent Stimulus Payments to More than 130 Million Americans
This brings the total disbursed so far to more than 130 million payments worth approximately $335 billion.