Everyone is discussing the second round of Payroll Protection Program loans, but did you know there are other programs that you may be eligible for? Here are some of the relief options included! Tax Provisions + Credits (approximately 30 minutes into the Gusto Partner Video) PPP Expense
Read more →The Employee Retention Credit is one of the many IRS tax breaks for businesses that was included in the 2020 CARES Act as well as the recent Consolidated Appropriations Act, 2021. The goal of the credit is to provide financial relief to businesses that suffered from the
Read more →Tax Rates 2021 Rate or Bracket Single Married Filing Joint Returns Head of Household 10% Up to $9,950 Up to $19,900 Up to $14,200 12% $9,951 to $40,525 $19,901 to $81,050 $14,201 to $54,200 22% $40,526 to $86,375 $81,051 to $172,750 $54,201 to $86,350 24% $86,376 to
Read more →Many clients are asking us about whether their taxes will go up now that there will be a change in Presidents in January. The short answer is no. A US President does NOT have the power to raise or lower taxes. Period. That power is reserved for
Read more →Both the IRS and Treasury have announced that the deadline to file AND pay your individual federal and Kansas/Missouri state income tax for the tax year of 2019 has been extended to July 15, 2020. If you cannot file your return by July 15, 2020, we can
Read more →You might wonder why there are so many extra tasks at year-end. While the government requires much of the work, there is clean-up work and adjustments that need to be done to make the books accurate. It’s not always cost-effective to perform all of these updates monthly,
Read more →Tax Rates 2020 Rate or Bracket Single Married Filing Joint Returns Head of Household 10% Up to $9,875 Up to $19,750 Up to $14,100 12% $9,876 to $40,125 $19,751 to $80,250 $14,101 to $53,700 22% $40,126 to $85,525 $80,251 to $171,050 $53,701 to $85,500 24% $85,526 to
Read more →Tax time is probably not your favorite time of year, especially if you have to pay the government your hard-earned dollars. Here are five tips on how we can make it just a bit less painful. 1. Have patience. Practicing patience will go a long way when
Read more →Year-end is just around the corner, and that means a couple of administrative tasks are necessary to take care of bookkeeping and tax chores. Here are a couple of tips to make year-end go smoother. Cleaning up Things will go a lot smoother if you reach out
Read more →
