If you have a life insurance policy, you may want to ensure that the benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to federal estate tax. Current exemption amounts For 2021, the federal estate and gift tax exemption
Month: March 2021
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Director Linda Cooper and Officer Josh Machiavello are here to tell you what you need to know about this year’s tax deadlines! We want to make sure that you’re prepared, informed, and on time! Visit our website and our social media feeds to stay up to date on the latest news:
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If so, there may be tax relief available to you. Author: Trent Westmoreland, CPAEmail: TWestmoreland@henrypeters.com Extended Filing Deadlines Victims of winter storms that began February 11, 2021 now have until June 15, 2021, to file various individual and business tax returns and make tax
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This is just a quick overview of some of the Business Provisions in the American Rescue Plan signed on March 11th, 2021. For more information, give us a call at (903) 597-6311. Besides YouTube, you can also visit our website and our social media sites to stay up to date on the latest news!
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If so, you will want to make sure you have adequate documentation in the event of an audit (or review). Author: Trent Westmoreland, CPA Officer TWestmoreland@henrypeters.com All Loans Can Be Audited (or Reviewed) The Small Business Administration (SBA) stated that it “will review all
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This is just a quick overview of Restaurant Revitalization grant in the American Rescue Plan signed on March 11th, 2021. For more information, give us a call at (903) 597-6311. Besides YouTube, you can also visit our website and our social media sites to stay up to date on the latest news!
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The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. The IRS extended the deadline to provide relief to taxpayers facing challenges as a result of the pandemic and because it’s
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The American Rescue Plan Act, signed into law on March 11, provides a variety of tax and financial relief to help mitigate the effects of the COVID-19 pandemic. Among the many initiatives are direct payments that will be made to eligible individuals. And parents under certain income thresholds
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March 16, 2021
The American Rescue Plan Act provides sweeping relief measures for eligible families and businesses
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The $1.9 trillion law is intended to provide far-reaching relief from the economic and other repercussions of the ongoing COVID-19 pandemic. In addition to funding for testing, contact tracing, vaccinations, -
The statement of cash flows essentially tells you about cash entering and leaving a business. It’s arguably the most misunderstood and underappreciated part of a company’s annual report. After all, a business that reports positive net income on its income statements sometimes doesn’t have