Did You Hire An In-Home Teacher? You Might Be A Household Employer!

With the rise of COVID-19, many families have had to switch to online or home school learning for the safety and wellbeing of their children. Kudos to all of the parents out there right now – I cannot begin to imagine the hardships and challenges this year must have brought. One choice that many parents …

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COVID scammers texting promises of additional stimulus payments

We all know the saying about “death and taxes”, but sometimes it seems like scams should be added to that list. Every year, and probably even more frequently than that, scammers are coming up with clever new ways to trick taxpayers out of their personal information, money or both. In a year like 2020, the …

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Sick leave credit for eligible self-employed Individuals

Prior to the COVID-19 pandemic self-employed people likely felt they were overlooked. The availability of financing under the paycheck protection program and certain tax credits have shone a light of hope for the self-employed individual. A self-employed individual may be eligible to claim a tax credit under the qualified sick leave and qualified family leave …

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COVID-19 relief for struggling taxpayers

You do not need to read this article to know that COVID-19 has made life extremely difficult for a vast number of people. The impact of the pandemic may have made it hard if not impossible at the moment to satisfy your tax obligations. The IRS knows this too and recently announced new collection procedures …

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New SBA guidance for forgiveness of PPP loans of $50,000 or less

On October 8, 2020, the SBA jointly with Treasury issued an interim final rule providing additional guidance concerning the forgiveness and loan review process for PPP loans of $50,000 or less. The interim final rule should result in a simpler forgiveness and loan review processes for loans of $50,000 or less by exempting the borrower …

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The importance of solid accounting in a COVID-19 environment

I think we can all agree that 2020 has been a doozy so far, and it’s only August! You’ve no doubt been impacted by the COVID-19 situation, and you’ve probably made many changes in your restaurant operations on very short notice. Maybe you had to lay off staff for periods of time or work with …

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Recently moved? Be sure you do this.

When COVID-19 hit the U.S. earlier this year, millions of employees were told to pack up their things and work from home. Without having to commute to work each day, many have decided to pack up their homes and move out of the “big city” for a lower cost of living. If this sounds familiar, …

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Using your car for gig work could cost you big

A few years ago I thought I’d make some extra cash driving for UBER on my days off. I signed up on their platform, went through their car approval process and got the sticker in the mail. I never actually drove for them, but when I was in a car accident last year I answered …

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You know that letter that came after your stimulus check?

You, like many other taxpayers in the US, may have received a letter from the IRS after receiving your economic impact stimulus payment. Your first reaction when seeing the unopened letter is OMG … what did I do wrong?!! Your second reaction after opening the letter is what do I do with this?! Don’t miss: …

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