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I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. On Tuesday, President Joe Biden signed the Paycheck Protection Program (PPP) extension into law, extending federal aid for small businesses through May 31. Under this new legislation, applications Read more about Biden signs PPP small-business aid extension into law[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. On Thursday, the Senate approved the PPP Extension Act of 2021 by a vote of 92-7, the act is is likely in front of President Biden for signature. Read more about Congress passes bill extending PPP through June 30, 2021[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. I’m writing this to remind taxpayers to file all tax returns they’re responsible for filling, when the returns are due. No matter if you’re talking about 1040s, 940s, Read more about Remember to Just File the Returns![…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. As you know by now, On March 11, 2021, President Biden signed into law H.R. 1319 – the American Rescue Plan Act (from here forward referred to as Read more about Highlights of the American Rescue Plan Act of 2021[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. The IRS has now turned part of its focus onto the cryptocurrency market, in an attempt to capture tax revenue from unreported transactions. ‘Operation Hidden Treasure’ in a Read more about IRS to Start ‘Operation Hidden Treasure’ – Crypto Income[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. The one-year suspension of required minimum distributions (RMDs) from certain retirement plans authorized under the CARES Act is over. Meaning persons that are age 72 and older will Read more about Looks like Required Minimum Distributions are back in play — but different[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. Here’s what you need to know. The changes— the administration has proposed five key changes. A two-week application period just for small businesses. Starting on Wednesday and through March Read more about PPP Updated in a Bid To Benefit our Smallest Businesses– Starting Wednesday![…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. The year of 2020 was a tough year for most taxpayers. Complicated by new relief provisions, both for tax professionals to interpret and advise clients on, and for Read more about Tax Penalty Relief can be a Life Saver in the mist of this Pandemic![…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. As you know by now, the Consolidated Appropriations Act of 2021 included several headline provisions, including: $600 stimulus checks, expansion of the Paycheck Protection Program (PPP), and extended Read more about Hidden Gems in the Consolidated Appropriations Act[…]
I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. Now that the official start of the “2020” Tax Season is just around the corner, its now time to turn your attention to when to file your tax Read more about You are encouraged to file early![…]