ERC – Too Good to be True?
The Employee Retention Credit is a legitimate program, but failure to apply the actual rules of the credit to applicants and their specific situation will result in inflated credit amounts which will, in all likelihood, need to be repaid.Read More
Tax Day for Individuals Extended to May 17
(March 18, 2021) The IRS announced late yesterday that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15,…Read More
Tax Provisions of the American Rescue Plan Act (ARPA)
(March 18, 2021) The American Rescue Plan Act of 2021 (ARPA), which Congress passed and President Biden signed into law on Thursday, March 11, grants relief to taxpayers and extends…Read More
Important Information Related to Stimulus Payments
By: Luci Roseman, CPA, Manager In Late December congress passed a $900B pandemic relief package that established a $600 direct stimulus payment to most Americans under certain income limits. Generally,…Read More
Cover & Rossiter Insights: 2020 Year-End Tax Planning
Click here to view the 2020 Year-End Tax Planning NewsletterRead More
Pandemic Relief Package for Individuals and Families – Round 2
Details of $900 billion relief package as it relates to individuals and families. By: Tina M. Truby, CPA, Supervisor (December 31, 2020) The Consolidated Appropriations Act, 2021 was signed into…Read More
Pandemic Relief Package for Small Businesses – Round 2
Details of $900 billion relief package as it relates to the Paycheck Protection Program (PPP) and Small Businesses By: Kimberly Zarett, CPA, MS, Principal (UPDATED December 31, 2020) The Consolidated…Read More
Impact of COVID-19 on 2020 Taxes – Are You Ready?
By: Kimberly Zarett, CPA, MS, Principal COVID-19 has had a tremendous impact on businesses, our social interactions, and the economy. There have been several important legislative changes enacted this year,…Read More
It’s National Tax Security Awareness Week – Tips to Stay Safe
On this Cyber Monday, as the IRS celebrates the 5th annual National Tax Security Awareness week, here are a few basic steps everyone should remember during the holidays and as…Read More
Have You Received a “Balance Due” Notice from the IRS?
You filed your tax return on time and paid the taxes due, yet you received a notice from the IRS. Why? By: Luci Roseman, CPA, Manager Due to the COVID-19…Read More