Tax

Work Opportunity Tax Credit

Published Nov 17th 2021
Work Opportunity Tax Credit

A valuable tax credit is available to certified businesses that hire long-term unemployment recipients and other groups facing significant barriers to employment.

Repayment of Deferred Social Security Taxes

Published Oct 25th 2021
Repayment of Deferred Social Security Taxes

The IRS is currently sending informational-only CP256V Notices to self-employed individuals and household employers that chose to defer paying certain Social Security taxes under the CARES Act.

3rd Quarter Estimated Tax Due 9/15

Published Sep 9th 2021
3rd Quarter Estimated Tax Due 9/15

September 15, 2021, is the deadline for third quarter estimated tax payments.

Meals and Entertainment Deductions Update

Published Jul 13th 2021
Meals and Entertainment Deductions Update

Following the federal income tax treatment of business-related meal and entertainment expenses has been a rollercoaster ride in recent years.

Sales Tax Holidays Update

Published Jul 1st 2021
Sales Tax Holidays Update

Many states have annual sales tax holidays, during which certain items the state wants to promote the purchase of (like school supplies, emergency preparedness supplies, or energy efficient applian

WI Nonprofit Organizations Issued New CES Numbers

Published May 31st 2021
WI Nonprofit Organizations Issued New CES Numbers

The Wisconsin Department of Revenue is reviewing previously issued Certificate of Exempt Status (CES) numbers.

QR Codes Added to IRS Balance-Due Notices

Published Apr 15th 2021
QR Codes Added to IRS Balance-Due Notices

The IRS has added barcode technology to certain balance-due notices.

Individual Tax Return Deadline Postponed

Published Apr 1st 2021
Individual Tax Return Deadline Postponed

In March, the IRS announced that it is postponing the deadline for all individual tax returns. Returns normally due April 15 will not have to be filed until May 17 this year.

Syndicate content