Important Updates
July 2021 July 13: IRS readies nearly 4 million refunds for unemployment compensation overpayments July 8: The first advance child tax credit payments begin arriving in mid-July 2021, unless you …
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Changes to Forms 1099
The most significant change to Form 1099 in 2020 is the breakout of NEC from Box 7 of Form 1099-MISC to its own Form 1099-NEC. NEC still includes payments of …
2020 Tax-Planning Checklist
It’s never too early to start organizing information for your tax return. However, fall is a great time to really focus on this effort. One thing we recommend is to …
Does your workforce live and work in separate states?
Now is the time to prepare for how COVID-19 could impact your state tax payments come tax-return time. The tax nexus is based on where employees physically perform services (though …
Tax Extension FAQs
I’ve heard people talk about getting a tax extension, but I’m unsure why. What are the benefits? And, will I be audited if I do extend? Here are the frequently …