by ABIP | Sep 7, 2021 | Accounting, Fraud, Newsletter
Reminder: Protect Yourself From Scammers Understanding how the IRS communicates can help taxpayers protect themselves from scammers who pretend to be from the IRS with the goal of stealing personal information. For example, the IRS typically does not call a taxpayer,...
by ABIP | Sep 3, 2021 | Accounting, Business, COVID-19, Individuals, Newsletter
Safe harbor is now available that allows employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). These amounts are: The amount of the forgiveness of a Paycheck Protection Program (PPP)...
by ABIP | Sep 2, 2021 | Accounting, COVID-19, Newsletter
Extension Deadline Looming for 2020 Tax Returns Time is running short for taxpayers who requested an extra six months to file their 2020 tax return. As a reminder, Friday, October 15, 2021, is the extension deadline for most taxpayers. Taxpayers who owe tax – even...
by ABIP | Sep 1, 2021 | Individuals, Newsletter
Tax Relief for Those Affected by Natural Disasters Recovery efforts after natural disasters can be costly. With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout the U.S. this year, many have been left...