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IRS Announces August Child Tax Credit Payments Now Being Issued

IRS Announces August Child Tax Credit Payments Now Being Issued

by My Company | Aug 18, 2021 | Tax Tips and News

The Internal Revenue Service says millions of families across the U.S. should see their advance payment of the Child Tax Credit (CTC) in their bank accounts or mailboxes any day now. This payment is the second in a series of advance monthly payments. The August...
New Notice Includes Work Opportunity Tax Credit Relief

New Notice Includes Work Opportunity Tax Credit Relief

by My Company | Aug 14, 2021 | Tax Tips and News

New guidance from the Internal Revenue Service seeks to clear the air on the Work Opportunity Tax Credit (WOTC) for employers and gives relief to them as well. WOTC makes a federal income tax credit available to those employers who hire qualified workers from groups...
Security Summit Shines Light on Phishing Scams

Security Summit Shines Light on Phishing Scams

by My Company | Aug 13, 2021 | Tax Tips and News

The Security Summit is this week broadening the scope of its 2021 “Protect Your Clients; Protect Yourself” campaign to include the different types of phishing scams that taxpayers may see in the coming months. This immediately follows the Summit highlighting recent...
Gross Receipts Safe Harbor Now Available for Employee Retention Credit

Gross Receipts Safe Harbor Now Available for Employee Retention Credit

by My Company | Aug 12, 2021 | Tax Tips and News

A new safe harbor unveiled by the Internal Revenue Service and the Treasury Department lets employers exclude some items from their gross receipts when figuring if they are eligible for the Employee Retention Credit, or ERC. This new safe harbor is detailed in Revenue...
Security Summit Warns of Scams Targeting Unemployment Compensation

Security Summit Warns of Scams Targeting Unemployment Compensation

by My Company | Aug 11, 2021 | Tax Tips and News

The third installment of the Security Summit’s 2021 “Protect Yourself; Protect Your Client” campaign highlights recent scams targeting unemployment compensation. As part of a five-week focus on identity theft prevention, the Summit is once again asking tax...
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