I forgot to claim a BIG tax credit for one of my own Schedule C clients and now I need to file an amended return. That’s why I wanted to drop a quick note to make sure none of your clients miss out on this somewhat “hidden” tax credit. The Sick Pay and Family Leave Wages credits are claimed […]
New Rules for Cryptocurrency inside The Infrastructure Bill
We are all still waiting on whether or not Congress is about to pass another huge new law, this one is around 3,000 pages, known as “The Infrastructure Bill.” The biggest change I’m seeing in this new bill, in terms of the effect on us as tax professionals, would be the new rules for “information reporting” […]
The “Tax Preparer Apocalypse” Has Been Canceled
Although this whole COVID-19 Crisis has been brutal in so many different ways, there are some silver linings for tax professionals. Expert tax professionals who have been truly “there” for our clients through these hard times are enjoying much higher levels of appreciation from clients. And more earning power in our careers than ever before. […]
EIDL Loan Program New, Major Changes
If you work with business clients, you probably have quite a few of them that either already took advantage of that Economic Injury Disaster Loan (EIDL) program, and/or wouldn’t mind having some additional cash on hand right now, yes? If yes, please be advised of a few MAJOR new EIDL program updates, as follows: New […]
CTEC 27 days left to avoid $55 Penalty
Halloween is just around the corner. I’m sure you have already seen December decorations going up for sale which have nothing to do with Halloween. I think Halloween and December festivities are liked about the same by everyone. I like Halloween because it reminds me of my childhood and dressing up as my favorite character. I still have […]