This video was published by the IRS. What should you do to make sure you don't end up with an unexpected tax bill when filing your tax return? Or maybe you'd like to take home more pay now and get a smaller tax refund later. Or, what if your family's income changes during the year, or [...]
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 [...]
This video was published by the IRS. If you have a phone, there's a good chance that some day you will be called by a phone scammer. Watch out for phone scammers pretending to be the IRS. In most cases, first contact from the Internal Revenue Service will come in the form of an official notice [...]
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 [...]
This article was published by the IRS. Employers who are filing Form 7200, Advance Payment of Employer Credits Due to COVID-19 should read the instructions carefully and take their time when completing this form to avoid mistakes. Using a reputable tax preparer – including certified public accountants, enrolled agents or other knowledgeable tax professionals – can [...]
