by Jessica Diaz | Jun 25, 2021 | Uncategorized
Any U.S. citizen, resident or domestic legal entity who missed the April 15 deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) will receive an automatic extension until October 15, 2021 – and an extension need not be requested. Who must...
by Jessica Diaz | Jun 21, 2021 | Uncategorized
In mid-May, the IRS began issuing refunds on 2020 unemployment insurance taxes to some taxpayers. The refunds have been sent on a rolling basis, with single filers receiving theirs first, including those without children and those who did not claim any refundable tax...
by Jessica Diaz | Jun 15, 2021 | Uncategorized
In early April, the IRS released guidance explaining when the temporary 100 percent deduction for restaurant meals is available, and when the 50 percent limitation on the deduction for food and beverages continues to apply. Under section 274(n) (1) of the tax code, a...
by Jessica Diaz | May 23, 2021 | Uncategorized
Many of our S&K clients are parents of eligible dependents and qualify for the child tax credit which President Biden included in his American Families Plan earlier this spring. This plan offers parents a credit of up to $3,600 per eligible child, and payments...
by Jessica Diaz | May 7, 2021 | Uncategorized
Although many businesses are starting to get back on track, with the descent of COVID and an ensuing economic upheaval in our country – your company may not have filed tax returns in a few years. While life DOES happen – NOT filing your required tax returns is...
by Jessica Diaz | Apr 27, 2021 | Uncategorized
The U.S. Small Business Administration (SBA) will reopen the Shuttered Venue Operators Grant application portal on Monday, April 26 at 12:00 PM. The application portal for the SVOG program ran into technical difficulties almost immediately on April 8, with venue...
