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!
American Rescue Plan
COVID-19 Shuttered Venue Operators Grant
The Small Business Administration is funding the Shuttered Venue Operators Grant (SVOG) designed to provide assistance to entertainment and restaurant entities affected by the COVID-19 pandemic. Eligible entities include: live venue operators or promoters; theatrical producers; live performing arts … [Read more...] about COVID-19 Shuttered Venue Operators Grant
Employee Retention Tax Credit Provides Significant Financial Relief
This is just one example of how we've been able to help our clients with the Employee Retention Tax Credit (ERTC), and what a significant difference it can make for a business or not-for-profit organization. Many businesses/organizations think they are not eligible for the ERTC; but new guidelines … [Read more...] about Employee Retention Tax Credit Provides Significant Financial Relief
Congress Passes $1.9 Trillion American Rescue Plan
The U.S. House of Representatives voted today to approve the amendments made to the $1.9 trillion American Rescue Plan Act of 2021 (H.R. 1319) legislation by the U.S. Senate on March 6. The new stimulus package was introduced by the Biden Administration in January and extends several provisions of … [Read more...] about Congress Passes $1.9 Trillion American Rescue Plan