Advanced Child Tax Credit

ByJay Kimelman December 21, 2021December 22, 2021

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 the IRS will be sending out Letter 6419 in January giving you the details of the payments you have received on the Advanced Child Tax Credit. This will be used to reconcile the amount received vs the amount due.

If you are married, we you and your spouse need to sign up for an account and login and check the details of your account.

How-To | Onboarding | Practice Management | Tax | WorkFlow

Proper Workflow Necessary for Efficiency

ByJay Kimelman November 15, 2015July 22, 2021

Tax Preparation WorkFlow Roundtable This video is the result of recent thread regarding workflow on Accountants, Bookkeepers and Business Owners , a collaborative Facebook group with over 6000 members. One of the members posted a question about workflow for her growing tax practice that generated a lot of interest and prompted us to set up the roundtable. Best…

Accounting | Sales Tax | Tax

Supreme Court ruling impact on online retailers

ByJay Kimelman June 24, 2018July 20, 2021

This week the US Supreme Court (SCOTUS) announced their decision on the South Dakota v Wayfair case it heard back in April. A little history. The current laws are based off the Quill case that was heard in 1992, which set the standard for physical nexus. That standard is a few years past it’s usefulness…

COVID-19 | Taxes

April 15th deadline… Now July 15th

ByJay Kimelman March 23, 2020July 20, 2021

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…

Accounting | entrepreneur | Taxes

Investing, Selling and Your Tax Returns

ByJay Kimelman November 16, 2017July 22, 2021

Most of us are usually keeping a lookout for better methods of financial security. And, although certain monetary risks can feel overwhelming and stressful, taking a calculated risk once in a’while isn’t a bad thing. Like many other life experiences, it is the leap which often ends up being of great value! So, if you’ve come…

COVID-19 | Payroll | Small Business | Taxes

CARES Act – The Business Provisions

ByJay Kimelman March 31, 2020July 20, 2021

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…

Simplify Mileage Tracking

ByJay Kimelman July 30, 2018July 20, 2021

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…

Get the details on your Advanced Child Tax Credit

Similar Posts

Leave a Reply Cancel reply