Tax Withholding Estimator Helps Retirees, Workers and Self-Employed Calculate Taxes, Fill Out New Form W-4

This article was published by the IRS. Taxpayers can take control of the size of their refund using the Tax Withholding Estimator on IRS.gov. The estimator has a "slider" feature to let users to choose the refund they want from a range of amounts based on the information they enter. The feature helps taxpayers set their [...]

Why the Economic Impact Payment Amount Could Be Different Than Anticipated

This article was published by the IRS. The IRS and Treasury have successfully delivered millions of Economic Impact Payments to Americans so far, and more are on the way. Some Americans may have received a payment amount different than what they expected. Payment amounts vary based on income, filing status and family size. See below for [...]

Town of Plymouth’s “COVID-19 Daily Update” – June 1, 2020

In this week’s Monday episode (June 1, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that although there aren't many changes since last week, there are three items in the pipeline of which small businesses should be aware. Although the first round of stimulus payments hasn't yet been fully dispersed, Sen. McConnell is [...]

Town of Plymouth’s “COVID-19 Daily Update” – May 27, 2020

In this week’s Wednesday episode (May 27, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that she still hasn't seen movement on fixing the issue of expenses being deductible regarding the PPP loans, which will directly impact how many taxes are owed at the end of the year. The AICPA is working hard [...]

Who Can Get More Economic Impact Payment Money for Children?

This article was published by the IRS. Millions of Americans have already received their Economic Impact Payments as the IRS continues to automatically send payments to more individuals. Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive their payment. The IRS will calculate the amount based on the income, filing status [...]