Tax Tips Blog
Covid-19 Tax Relief
Get information on coronavirus (COVID-19) tax relief available for individuals and families, small and large businesses, and tax-exempt organizations. https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments
The Most Common Reasons to Adjust Federal Tax Withholdings
Getting (or losing) a new job or other source of income Changes in income are the most common reason to adjust withholdings. If your client is starting a new job, they’ll fill out a new Form W-4 with their employer. However, this form doesn’t automatically...
2021 TAX UPDATES
Keeping up with tax law changes for 2021 has been no easy task. The American Rescue Plan implemented major changes to several areas of tax law, especially concerning refundable tax credits. Here are the details every tax preparer should know about tax law changes to...
American Rescue Plan Act (ARPA) of 2021
Several ARPA provisions affect the 2020 tax return people are filing in 2021, including exempting up to $10,200 in unemployment compensation from tax and another benefiting people who purchased subsidized health coverage through federal or state Health...
Per Diem Rates 2022: How is Per Diem Taxed?
Federal per diem rates help simplify travel expenses for employees and employers alike. But how are those rates set and taxed? Here’s what you should know if your clients paid per diems to their employees or used them for their own travel-related business expenses....