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 video is intended for businesses that are required to make advance payments, but the process is the same for any business taxes where previous return payments have been made for a period. Learn how to account for your advance payments when filing your return.
Beginning July 8, 2021, and until September 30, 2021, or the exhaustion of $75 million in program funds as determined by the Commonwealth, employers may apply for reimbursement of the costs of providing emergency paid sick leave. This video will walk you through the application process for reimbursement of the costs of providing emergency paid sick [...]
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 [...]
Don't have your IRS account set up yet? It's easy to do. Go to IRS.gov/account, verify your identity, and then simply create your account. Once your IRS account is set up, here's what you can do with it: Control who can represent you before the IRS or who can see your tax records. Access a tax [...]
