by sreamercpa | Aug 30, 2021 | IRS
September is National Preparedness Month. With the height of hurricane season fast approaching and the ongoing threat of wildfires in some parts of the country, the Internal Revenue Service reminds everyone to develop an emergency preparedness plan. All taxpayers,...
by sreamercpa | Aug 16, 2021 | child-tax-payments
If you didn’t get your August advance child tax credit in your bank account today, you’re not alone. Due to “an issue,” a percentage—less than 15%—of folks who got their payment by direct deposit in July will be mailed paper checks for the August payment, according to...
by sreamercpa | Jul 30, 2021 | PPP Loans
Are you a small business owner or self-employed and received a Paycheck Protection Program (PPP) loan and are still waiting for your bank to forgive the loan? Here is some good news for you! On Wednesday 07/28/21 the U.S. Small Business Administration (SBA) published...
by sreamercpa | Jul 12, 2021 | child-tax-payments, IRS
The first monthly payments of the expanded and newly-advanceable Child Tax Credit from the American Rescue Plan will be made starting July 15. Most families will begin receiving monthly payments without any additional action. Eligible families will receive a payment...
by sreamercpa | Jun 23, 2021 | IRS
The IRS has opened an online site to enable taxpayers to unenroll from receiving advance payments of the 2021 child tax credit (CTC). The new “Child Tax Credit Update Portal” allows parents to view their eligibility, view their expected CTC advance payments, and, if...
by sreamercpa | May 28, 2021 | accounting-tax
by sreamercpa | Mar 18, 2021 | accounting-tax, IRS
Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be...
by sreamercpa | Mar 18, 2021 | accounting-tax, COVID Relief Bill
Today many taxpayers woke up to find they had more money in their bank accounts thanks to the Third Round of Stimulus checks. On March 11 President Biden signed the American Rescue Act (ARA) into law. The ARA provides up to $1,400 for eligible taxpayers ($2,800 per...
by sreamercpa | Mar 9, 2021 | COVID Relief Bill
On Saturday 03/06/21 the US Senate passed their own version of the 2021 COVID relief bill, for a cost of $1.9 Trillion, which is expected to be passed by the House as soon as Tuesday 03/09/21. Here are some key provisions: Direct payments of up to $1,400 per...
by sreamercpa | Mar 2, 2021 | accounting-tax, Cares Act
On February 27, 2021 the House of Representatives passed their $1.9 trillion stimulus plan. The bill was sent to the Senate and a vote is expected as early as Wednesday, March 3, 2021. Here are some of the key provisions in the House bill: Recovery rebates The House...
