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American Rescue Plan Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines
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American Rescue Plan Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines

Coronavirus, Corporate Taxes, IRS, Payroll Family Leave Credit, Payroll Sick Leave Credit, Self-Employed, Self-Employed Family Leave Credit, Self-Employed Sick Leave Credit, Small Business, Tax Credits, Tax Law Changes, Tax Relief, Tax Tips, Taxes

American Rescue Plan Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines

This article was published by the IRS. The Internal Revenue Service and the Treasury Department have announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations. The additional details, provided in a fact sheet, spell out some basic facts about the [...]

cozbycpa2021-05-26T10:30:07-04:00May 26th, 2021|Categories: Coronavirus, Corporate Taxes, IRS, Payroll Family Leave Credit, Payroll Sick Leave Credit, Self-Employed, Self-Employed Family Leave Credit, Self-Employed Sick Leave Credit, Small Business, Tax Credits, Tax Law Changes, Tax Relief, Tax Tips, Taxes|Tags: American Rescue Plan Act of 2021, American Rescue Plan tax credits available to small employers to provide paid leave to employees receiving COVID-19 vaccines, ARP tax credits, Cozby & Company, CPA Heather Cozby, IRS Form 7200 Advance Payment of Employer Credits Due to COVID-19, paid leave for employees receiving COVID-19 vaccinations, refundable tax credits that reimburse employers for the cost of providing paid sick and family leave to their employees due to COVID-19, tax credits against the employer's share of the Medicare tax|

Guidance for Employers Claiming the Employee Retention Credit for First Two Quarters of 2021
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Guidance for Employers Claiming the Employee Retention Credit for First Two Quarters of 2021

Coronavirus, Employee Retention Payroll Tax Credit, IRS, Personal Taxes, Tax Credits, Tax Relief, Taxes

Guidance for Employers Claiming the Employee Retention Credit for First Two Quarters of 2021

This article was published by the IRS. The IRS has issued guidance for employers claiming the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act). Notice 2021-23 explains the changes to the Employee Retention Credit for the [...]

cozbycpa2021-05-19T10:26:48-04:00May 19th, 2021|Categories: Coronavirus, Employee Retention Payroll Tax Credit, IRS, Personal Taxes, Tax Credits, Tax Relief, Taxes|Tags: American Rescue Plan Act of 2021, CARES Act, Cozby & Company, CPA Heather Cozby, Employee Retention Credit, Form 7200 Advance of Employer Credits Due to COVID-19, refundable tax credit, tax advisors Plymouth MA, Taxpayer Certainty and Disaster Tax Relief Act of 2020|

IRS Suspends Requirement to Repay Excess Advance Payments of the 2020 Premium Tax Credit
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IRS Suspends Requirement to Repay Excess Advance Payments of the 2020 Premium Tax Credit

Coronavirus, Health Care, IRS, Personal Taxes, Premium Tax Credit, Tax Credits, Tax Relief, Tax Tips, Taxes

IRS Suspends Requirement to Repay Excess Advance Payments of the 2020 Premium Tax Credit

This article was published by the IRS. The premium tax credit helps pay for health insurance coverage bought from the Health Insurance Marketplace. Eligible people can choose to have all, some, or none of the estimated credit paid in advance directly to their insurance company on their behalf. These payments – which are called advance payments [...]

cozbycpa2021-05-12T09:57:30-04:00May 12th, 2021|Categories: Coronavirus, Health Care, IRS, Personal Taxes, Premium Tax Credit, Tax Credits, Tax Relief, Tax Tips, Taxes|Tags: American Rescue Plan of 2021, APTC, best tax professional in Plymouth MA, Cozby & Company, CPA Heather Cozby, excess advance Premium Tax Credit repayment amount, Form 8962, what is the premium tax credit|

Here’s How the Third Economic Impact Payment is Different from Earlier Payments
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Here’s How the Third Economic Impact Payment is Different from Earlier Payments

Coronavirus, Government, IRS, Personal Finance, Personal Taxes, Recovery Rebate Credit, Tax Credits, Tax Relief, Tax Tips, Taxes

Here’s How the Third Economic Impact Payment is Different from Earlier Payments

This article was published by the IRS. The third Economic Impact Payment is different from the first and second payments in several ways. The third Economic Impact Payment is an advance payment of the 2021 Recovery Rebate Credit. The two earlier payments are advance payments of the 2020 Recovery Rebate Credit. Eligible people who didn't get [...]

IRS Economic Impact Payments on Your Tax Account
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IRS Economic Impact Payments on Your Tax Account

Coronavirus, IRS, IRS Video, Personal Finance, Personal Taxes, Recovery Rebate Credit, Tax Credits, Tax Relief, Tax Tips, Taxes, Videos, YouTube

IRS Economic Impact Payments on Your Tax Account

You’ve probably heard of the Recovery Rebate Credit, which was paid in advance to most people in two rounds of economic impact payments. People who are eligible and received less than the full amounts may claim an additional amount as the Recovery Rebate Credit. However, you must file a 2020 tax return to claim it, even [...]

cozbycpa2021-04-26T10:53:36-04:00April 26th, 2021|Categories: Coronavirus, IRS, IRS Video, Personal Finance, Personal Taxes, Recovery Rebate Credit, Tax Credits, Tax Relief, Tax Tips, Taxes, Videos, YouTube|Tags: Cozby & Company, CPA Heather Cozby, Economic Impact Payments on your tax account, recovery rebate credit, tax preparers in Plymouth MA|