Inflation Adjustments for 2021
As the end of 2020 grows near, many Americans around the country are planning for the 2021 New Year. As of October 26th, the IRS released their annual inflation adjustments for the 2021 tax year.
IRS Collection Notices
The Internal Revenue Service is kicking it back into gear as we enter the last few months of the year after encountering the same difficulties that we all have been facing throughout this year’s pandemic.
Year End Tax Planning
2020 has brought its fair share of economic and financial struggles across the globe due to the Covid-19 pandemic forcing many individuals and business owners alike to re-evaluate their financial situation and how they operate their businesses moving forward.
PPP Loan Forgiveness
As businesses across the nation continue to feel the devastating effects of the Covid-19 pandemic, many business owners have taken advantage of the Paycheck Protection Program to keep their business operations afloat.
People First Initiative
In response to the Coronavirus, the IRS announced the People First Initiative on March 25th.
PPP Applications Ending
As the PPP loan reaches millions of small businesses, congress updated the
guidance, and the deadline inches closer.