The American Rescue Plan not only expanded the amount of the Child Tax Credit, but also created a newly advanceable monthly payment that commenced on July 15th and is expected to continue monthly for the remainder of the 2021 tax year. The advance monthly payments are new and were rolled out … [Read more...] about 2021 Child Tax Credit and Advance Payments: A Deeper Dive
The American Rescue Plan included a significant overhaul of the child tax credit. It not only expanded the amount of the credit, but it also created a newly advanceable monthly payment; and many taxpayers will see the impact of these changes very soon. Expanded Child Tax Credit For 2021, the … [Read more...] about Enhanced Child Tax Credit is Here!
Paying the correct amount of sales and use tax is a critical issue for many businesses. Companies do not want to create potential liabilities by not collecting tax on sales; but at the same time, these businesses should also be concerned that they are not overpaying or remitting too much sales and … [Read more...] about Sales Tax Refund Opportunities