Love and Taxes
Valentines Day is February 14th. While most of us are thinking about roses and chocolates, your tax accountant is thinking about the connection between love and taxes. Here is a quick summary of some of the ways marriage will affect your taxes.
Expanded Eligibility for the Employee Retention Credit
Under the Act, employers can receive a maximum credit of $14,000 per employee for the first two quarters of 2021.
Tax Filing Season Statistics Announced
The Department of the Treasury issued $317,692,000,000 in tax refunds during the first 10.5 months of 2020, with the average refund totaling $2,535. Schreiber Accounting and Advisory can help you get your maximum tax refund possible with comprehensive tax compliance and tax planning services.
Key Provisions of the New COVID-19 Relief Bill
Both chambers of Congress overwhelmingly passed a new $900 billion COVID-19 relief bill on Monday night. In addition to funding the federal government through September 2021, the legislation includes several provisions that will affect both individuals and businesses. Here are some of the highlights:
Last-Minute Tax Planning Strategies to Consider Before the End of 2020
2020 has been a rollercoaster of a year. Check out these last-minute tax planning strategies to consider before the end of the year.