Immigrant taxpayers contribute to Georgia’s bottom line.
One in ten Georgia residents is an immigrant, while 7 percent of residents are native-born U.S. citizens with at least one immigrant parent. As immigrants start businesses, buy homes, earn wages and spend disposable income at local businesses, they generate considerable…
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8 Super Effective Tips for Managing Your Company’s Payroll
Establishing Good Efficient, And Accurate Work Practices Throughout Your Organization
Even though all areas of a business organization must meet certain stringent requirements, there is one area that is inherently bogged down with a long complex chain of detailed labor laws and governmental compliance issues: that area is Payroll.
With…
Every Small Business Deserves a Great Bookkeeping Service
Is It Time to Digitize Your Small Business Bookkeeping?
Financial statements are necessary for the everyday operation of a business. If you keep your own books, you need to have a good understanding of accounting principles, know how to calculate profit and loss accurately, and understand the various types of cash-flow spreadsheets….
Fourth Stimulus Check Could Be Sent Out AUTOMATICALLY
According to Nerdwallet, families that are working and hit some requirements could pocket up to $18,000 as a tax credit, this is an example for a family with two children.
It comes as families will receive an additional stimulus payment from July 15 under Joe Biden’s child tax credit expansion plans.
When can families…
Unemployment Compensation Is Taxable
Tax Treatment of Unemployment Compensation
The Internal Revenue Service (IRS) announced (IR-2021-71) on March 31, 2021 that it would take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan.
Please…
Remember Families Need to File a 2020 Tax Return in Order to Get the Child Tax Credit
The enhanced tax credit is part of the $1.9 trillion American Rescue Plan that President Joe Biden signed into law in March.
This new benefit is available to children 17 and under in families with 2020 adjusted gross income less than $75,000 for single parents and $150,000 for a married couple filing jointly.
The enhanced…
More than 2.3 Million Payments Have Gone Out From the IRS
Even if you already got your third stimulus check, it’s possible that you can get an additional check.
The IRS is sending out additional payments to people who didn’t get quite as much of the stimulus payment as they were meant to.
About 1395 billion in payments have been made overall since the American Rescue Plan…
You May Qualify for Additional Help with Food and Bills
Disaster Financial Assistance with Food, Housing, and Bills
During the COVID-19 pandemic, you may qualify for additional help with food and bills. Learn about mortgage and rental relief.
What Disaster Financial Assistance is available?
COVID-19 Stimulus Checks for Individuals – The American Rescue Plan Act of 2021 provides…
What to Do if I Receive a Letter from the IRS?
What taxpayers should do if they get a letter or notice from the IRS
Your notice or letter will explain the reason for the contact and give you instructions on how to handle the issue. If you agree with the information, there is no need to contact the IRS. Note: As explained on the IRS website, you can find the notice (CP) or…
Filing a Tax Extension with Daniel Ahart Tax Service® by May 17, 2021
Even if you File an Extension, You Must Still Pay Your Income Tax in Full by the Tax Deadline
Need more time to prepare your federal tax return? Traditionally, federal tax returns are due on April 15 or the first business day thereafter. However, the IRS does grant you an automatic extension to file your taxes every year, as long…