Tax Law and News

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American Rescue Plan includes new exclusion of up to $10,200 of unemployment compensation

congress

American Rescue Plan: What does the third stimulus mean for your clients?

paycheck

Advising your clients on repaying deferred payroll taxes

Accountant working remotely

IRS provides guidance for employers claiming the Employee Retention Credit for 2020

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State stimulus relief

Debt-collection

What to tell clients who can’t pay

March deadlines

March 2021 tax and compliance deadlines

health care and taxes

New law provides additional flexibility for health FSAs and dependent care assistance programs

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Common tax-filing errors to avoid

IRS and tax professionals

New IRS form available for self-employed individuals to claim COVID-19 sick and family leave tax credits under FFCRA

Classroom

Educators can now deduct out-of-pocket expenses for COVID-19 protective items

congress

New law extends COVID-19 tax credit for employers who keep workers on payroll