by ABIP | Jan 3, 2021 | COVID-19, News, Newsletter, Taxes
[vc_row][vc_column][vc_column_text] COVID-related Tax Relief Act of 2020 The Consolidated Appropriations Act, 2021, H.R. 133 included funding for the government, extensions for expiring tax extenders, COVID tax relief under the COVID-related Tax Relief Act of 2020,...
by ABIP | Jan 2, 2021 | Individuals, News, Newsletter
[vc_row][vc_column][vc_column_text] Identity Protection Pin Available To All Taxpayers Starting in January 2021, the IRS Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their identity. Previously, IP PINs were only...
by ABIP | Jan 1, 2021 | COVID-19, News, Newsletter, Taxes
[vc_row][vc_column][vc_column_text] Important Tax Changes for Individuals and Businesses Every year, it’s a sure bet that there will be changes to current tax law and this year is no different. From standard deductions to health savings accounts and tax rate...
by ABIP | Dec 7, 2020 | Taxes
[vc_row][vc_column][vc_column_text]When COVID-19 struck last March, employers quickly switched to a work-from-home model for their employees, many of whom began working in a state other than the one in which their office was located. While some workers have returned...
by ABIP | Dec 4, 2020 | Newsletter, Taxes
[vc_row][vc_column][vc_column_text]Certain energy-efficient home improvements can cut your energy bills and save you money at tax time. While many of these tax credits expired at the end of 2016, tax credits for residential and non-business energy-efficient solar...
by ABIP | Dec 3, 2020 | Fraud, News, Newsletter
[vc_row][vc_column][vc_column_text]There’s never an off-season when it comes to scammers and thieves who want to trick people to scam them out of money, steal their personal information, or talk them into engaging in questionable behavior with their taxes. While...
by ABIP | Dec 2, 2020 | COVID-19, News, Taxes
[vc_row][vc_column][vc_column_text]The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes several temporary tax changes that help charitable organizations. One such provision allows taxpayers to deduct cash donations of up to $300...
by ABIP | Nov 19, 2020 | News
ABIP, a 100+ person firm, has officially merged in San Antonio based Parr & Associates, effective October 15th, adding their professionals to ABIP’s San Antonio office. ABIP has additional offices in Houston and Pearsall, Texas. Founded in 1993, Parr &...
by ABIP | Nov 3, 2020 | News, Newsletter
Investing in Opportunity Zones: The Facts The Tax Cuts and Jobs Act included numerous changes for businesses and individuals. One of these was the creation of the Opportunity Zones tax incentive, the purpose of which is to spur economic development and job creation in...
by ABIP | Nov 2, 2020 | News, Newsletter
Year-End Tax Planning Strategies for Business Owners Several end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Let’s take a look: Deferring Income Businesses using the cash method of accounting...
