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We share the latest developments in
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What You Need To Know About 1099 Forms

By Steven Gamboa and Pavan Rajput  Remaining compliant with IRS guidelines and regulations is essential for any individual and business. Forms 1099 play a major role during tax preparation since
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Understanding the Taxation of Cryptocurrency in the U.S.

By: Steven Gamboa Over the past decade, cryptocurrency has revolutionized the finance world as it transformed from a textbook concept into a global virtual currency valued at over $1.3 trillion.
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American Rescue Plan Child Tax Credit 2021 Explained – What You Need to Know

By: Anthony Warga, Semi-Senior Accountant & Dolly Rajani, Tax Supervisor News about advance IRS payments of the Child Tax Credit, coupled with other changes, has understandably gotten many Americans excited,
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Updates Regarding the $10,200 Unemployment Income Exemption for 2020

By Gregory Bilecki, Senior Accountant On Wednesday, March 24th, the IRS released guidance centered around the $10,200 unemployment income exemption provision per terms of H.R. 1139, more commonly known as
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PPP Program Extended Through May 31st

By Gregory Bilecki, Senior Accountant In yet another landmark decision, on Thursday, March 25th, the Senate passed House bill H.R. 1799, also known as the PPP Extension Act of 2021
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NJ, NY, PA Now Following Federal Tax Day Deadline Extension, Now May 17th

NJ, NY, PA Now Following Federal Tax Day Deadline Extension, Now May 17th

By Gregory Bilecki, Senior Accountant In welcome news for the state’s taxpayers, New Jersey has decided to follow the IRS’s decision to extend the federal April 15th tax reporting deadline
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IRS Extends Federal Tax Day Filing Deadline for One Month

By Gregory Bilecki, Senior Accountant On Wednesday, March 17th, the IRS pushed back the tax filing deadline for individuals in a nationwide extension, an effort to further drive pandemic related
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$29B Stimulus Creates the Restaurant Revitalization Fund

By Gregory Bilecki, Senior Accountant As part of the stimulus package signed by President Biden on March 11th, 2021, additional stimulus money was set aside in the amount of $29
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Key Facts from the March 2021 $1.9 Trillion COVID-19 Stimulus Package

By Gregory Bilecki, Senior Accountant What’s Included in the Third Stimulus Package? Signed by President Biden Thursday, March 11th, is the next round of COVID-19 relief, H.R. 1319, also known
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Does My Business Qualify for the Employee Retention Tax Credit In 2021?

By Michael Aaron, CPA, Tax Supervisor & Gregory Bilecki, Senior Accountant   For the 2020 filing year we’ve seen many updates to CARES Act provisions expanded upon by the Consolidated Appropriations
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