Child Tax Credit Advance Payments Start Mid-July for Certain Taxpayers
Millions of American taxpayers with children will begin receiving advance payments of their 2021 Child Tax Credits starting this July. Do you qualify?
New accounting rules govern reporting of gifts in kind
If your nonprofit organization accepts contributions of nonfinancial assets, new rules govern financial reporting of gifts in kind.
Tax obligations apply to ‘gig’ workers, too
Before the Covid-19 pandemic, the number of people engaged in the “gig” or sharing economy was rapidly growing. Now that many businesses are reopening, some workers are deciding to embrace the independence of gig work or freelancing. If you are one such...Education assistance benefits now may help workers pay off student loans
Education-related workplace benefits, such as student loan payoffs, are becoming key recruiting tools in tight labor market.
Enhanced tax credit will defray child care costs for some taxpayers
Taxpayers who have child care expenses will see an improved tax benefit for 2021, thanks to an credit included in the new American Rescue Plan Act (ARPA).