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U.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the…
Tax | Tax Credits | TaxesAdvanced Child Tax Credit
Get the details on your Advanced Child Tax Credit Coming into the 2022 filing season, knowing the details needed to complete your return are very important. Access the Child Tax Credit Update Portal and get access to all you need to know. Watch the above video for tips on navigating the portal site. In addition…
Accounting | Payroll | Taxes | WFH2022 Mileage rates set by the IRS
Here are your 2022 Mileage rates The 2022 business mileage rate is 58.5 cents/mile driven for business use. That is up 2.5 cents from 2021 rate Qualified active-duty Armed Forces members for medical or moving purposes, the rate is 18 cents/mile driven, up 2 cents. Performing service for charitable organizations, the rate is set by statute and remains unchanged…
Cloud | How-To | Practice Management | Tax | WorkFlowPractice Ignition Gives Your Firm a Kick in the Admin
Practice Ignition adds efficiency to client administration, leaving you the time to do what you love. We have been using Practice Ignition for about 2 years now. It was this years tax extension filing season when we seen that a-ha moment. I have loved Practice Ignition from first sight, but once we got access to payments, it took…
April 15th deadline… Now July 15th
The US Treasury Department and the IRS have formally announced the official extension of the April 15th tax filing deadline due to the COVID-19 pandemic. The new extended deadline for file and pay all taxes due April 15th is now July 15th. This extension is automatic, there is nothing needed to be submitted. The October…
Simplify Mileage Tracking
Automatic mileage tracking, is that possible? With Automatic, it is now! We are constantly asking clients for mileage to deduct on their tax returns. You know who are you: Realtors, Contractors, Sales professionals, really anyone who gets a 1099. Then you give us the mileage and we ask for…….you guessed it, the mileage log… Yes, I…
