by PTF | Apr 25, 2021 | Resource, Tax Preparation
Don’t Overlook Foreign Account Reporting Requirements Article Summary: Foreign Account Reporting Requirement Financial Crimes Enforcement Network Penalties for Failure to File Type of Accounts Affected Form 8938 Filing Requirements Some of the largest penalties for...
by PTF | Apr 23, 2021 | Announcements, Business Services, Individuals
May 2021 Individual Due Dates May 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 1110. Your employer is...
by PTF | Apr 23, 2021 | Business Services, Planning Services, Tax Preparation
Writing Off Your Business Start-Up Expenses Article Highlights: $5,000 First-year Start-up and Organizational Expense Write-off Timely Filing Requirements Qualifying Start-up Expenses Trade or Business Purchase Qualifying Organizational Expenses Expense Write-off...
by PTF | Apr 23, 2021 | Business Services
SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000 As U.S. businesses continue to recover from COVID-19’s economic devastation, the U.S. Small Business Administration (SBA) is expanding loan opportunities. The agency announced that beginning the week of April...
by PTF | Apr 20, 2021 | Misc
Easily Check the Status of Your Refund Article Highlights: Your Federal Tax Refund Status Can Be Checked Online Delay When Claiming Earned Income Tax Credit or Additional Child Tax Credit “Where’s My Refund?” Refunds Are Generally Issued Within 21 Days of E-Filing...
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