June 2021 Tax Newsletter

Biden's Budget Brings Tax Burdens Dear Readers, The Biden administration released it's budget proposals on Friday June 4th, and among the many provisions are a host of proposed tax changes affecting individuals and corporations. One set of tax and revenue proposals, named the American Families Plan, would increase taxes on...

Employee Retention Credit – An Immediate Cash Infusion for Qualifying Employers

Through the Employee Retention Credit (ERC), employers can receive upwards of $33,000 in tax credits per employee for tax years 2020 and 2021. This is a fully refundable federal employment tax credit, one of the largest federal incentives available for most businesses. Best of all, both essential and non-essential businesses...

May 2021 Tax Newsletter

The Tax Laws, They Are A-Changin! Dear Readers, 2021 is proving to be active with tax topics and changes to Tax Laws, COVID-related funding and relief opportunities, and Tax Compliance matters. With tax year 2020 taxes now due, we wanted to remind you that if you have a tax bill...