Democrats introduced a bill Tuesday to provide tax credits for child care, along with universal paid family and medical leave and permanent extensions of child and family tax credits. House Ways and Means Committee chairman Richard Neal, D-Massachusetts, led the other Democrats on Congress’s tax-writing committee by introducing the legislation,
The past year has been a wild ride for most firms. Some have done exceptionally well, while others have struggled to hold onto clients and develop new business. Without travel, in-person networking and other traditional business development activities, firms have had to pivot to video conferencing, social media and other
The hunger for counsel among small business clients presents accountants with the opportunity to advise them in a variety of nontraditional areas such as HR. In fact, an ADPRI survey from March 2019 revealed that 62 perrcent of business owners want to receive HR & talent management insights from their accountant. Accountants and
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Two members of the Senate Finance Committee released a discussion draft of a bipartisan energy tax credit bill Monday that could represent a path forward for Republicans and Democrats. The Energy Sector Innovation Credit Act, proposed by Sen. Mike Crapo, R-Idaho, the top Republican on the committee, and Sheldon Whitehouse,
While personal and corporate income tax tends to receive most of the media attention, it’s important to remember that gift and estate taxes can also have a profound impact on an individual’s long-range financial planning. Upon performing a valuation of shares of a closely held entity for gift and estate tax
Take the stress out of managing your business’s bookkeeping, accounting, and tax prep. Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. April 26, 2021 2 min read Disclosure: Our goal is to feature products and services
The Small Business Administration debuted a new program to help small businesses weather the COVID-19 pandemic and prepared to retry a launch of its Shuttered Venue Operators Grant program. The SBA opened a new round of Economic Injury Disaster Loan assistance, known as “Supplemental Targeted Advances,” on Thursday to provide
The Internal Revenue Service is holding up millions of tax refunds for manual processing and its systems were unable to process many of the quarterly payments that needed to be sent by April 15. The IRS is holding approximately 29 million tax refunds that need to be processed manually because
The CARES Act included sweeping measures designed to incentivize companies — particularly small businesses — not to lay off workers. While the Paycheck Protection Program gets most of the attention, the Employee Retention Credit also provides employers with a generous tax credit for retaining workers. Why didn’t companies try to
