You may be wondering what advance Child Tax Credit (ACTC) payments are. ACTC payments are early payments of 50 percent of the estimated amount of the Child Tax Credit that you would normally claim on your 2021 tax return. If you're eligible and the IRS has processed your 2019 or 2020 tax return, your advance payment [...]
This article was published by the IRS. The IRS recently upgraded the Child Tax Credit Update Portal to enable families to update their bank account information so they can receive their monthly Child Tax Credit payment. The tool also allows families to unenroll from the advance payments if they don't want to receive them. The Update [...]
Do you dream of owning your own business? The U.S. Small Business Administration (SBA) can help. The SBA is the only federal agency dedicated to helping small businesses start, grow, expand, or recover after a disaster. With their local offices and a nationwide network of resource partners providing free or low-cost business assistance, they've got you [...]
This article was published by the SBA. Follow these steps to bolster your business against hurricane risks before one ever strikes. With 30 named storms, the 2020 Atlantic hurricane season was one of the most active and costliest on record. The 2021 Hurricane season starts on June 1 but it’s never too early to prepare. Damage [...]
This article was published by the IRS. The Internal Revenue Service has provided guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). Notice 2021-31 provides guidance for employers, plan administrators, and health insurers regarding the new credit available to [...]
