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Month: May 2021

Made a Mistake on Your Tax Return – What Happens Now?

Made a Mistake on Your Tax Return - What Happens Now?
Generally speaking, tax return mistakes are a lot more common than you probably realize. Taxes have grown complicated and COVID tax relief has made ma…

President Biden’s American Families Plan Would Give IRS Authority to Regulate Tax Preparers

President Biden’s American Families Plan Would Give IRS Authority to Regulate Tax Preparers
Along with benefits for children and families, the American Families Plan also proposes changes to the Treasury and expanded authority over tax prepar…

Video tip: New Benefits for American Education in Biden’s Proposed Plan

In his newly proposed American Families Plan, President Biden is adding a number of education benefits that, if become laws, will bring great helps to low-income families and DREAMers as well as expanding opportunities for future teachers. Watch this video for details.

Are You at Risk for A Trust Fund Penalty?

Are You at Risk for A Trust Fund Penalty
When an employer withholds Social Security and income taxes from an employee, those funds are the property of the government, and the employer must ho…

4 Ways to Stop Your Overspending

4 Ways to Stop Your Overspending
Overspending is a personal finance issue that many of us deal with. Budgeting, getting support, using the 24-hour rule, and being forgiving can help y…

Unpaid Debt Taking Your Tax Refund?

Unpaid Debt Taking Your Tax Refund?
We all look forward to receiving our tax refunds, but what if you were expecting a refund and it never arrived? It may be because you have outstanding…

Video tip: 100% Business Meal Deductions

To support the restaurant industry who was hit hard during the pandemic, Congress is giving businesses a tax break as a way to increase revenue to restaurants. Watch the video to see how this can apply to your business.

How Biden’s Proposed American Families Plan Might Affect You

How Biden's Proposed American Families Plan Might Affect You
President Biden presented his proposed American Families Plan (AFP) during his Joint Session of Congress address on April 29, 2021. What follows is an…

Paid Sick Leave vs. Vacation vs. PTO: What You Need to Know

Paid Sick Leave vs. Vacation vs. PTO: What You Need to Know
More and more jurisdictions are passing laws requiring employers to provide paid leave to employees, and the COVID-19 pandemic has only accelerated th…

Consequences of Filing Married Separately

Consequences of Filing Married Separately
Couples who are married on the last day of the tax year basically have two filing status options when filing their tax returns: either married filing …

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