Blog
Proposed $15,000 First Time Homebuyer Tax Credit
The proposed $15,000 first time home buyer tax credit made available through the First Time Homebuyer Act is now officially a bill, heading to Congress. Under the current verbiage of the bill, this First Time Homebuyer Tax Credit will be available to taxpayers for...
More Flexibility For Flexible Spending Accounts
Due to the pandemic, the IRS has provided greater flexibility to employee benefit plans offering health flexible spending arrangements (FSAs) or dependent care assistance programs. Under the COVID-related Consolidated Appropriations Act (CAA) and the American Rescue...
Changes To The Employee Retention Credit
Since the SBA just announced that the Paycheck Protection Program is done for now, it’s time to turn to other benefits for small business owners that are struggling to get back on their feet. Thankfully the Employee Retention Credit (ERC) can be a real boon for small...
Interview With Business And Strategist Coach For CPA’s, Geraldine Carter
Geraldine Carter is the founder of She Thinks Big Coaching, where she helps CPAs get out of the accounting rut. Her clients routinely double their margins in 6 months or less while working fewer hours. Geraldine holds a BS in Engineering from Cornell University, is...
SBA Restaurant Revitalization Fund
As of May 3rd, the SBA launched their much-anticipated Restaurant Revitalization Fund to help struggling restaurants get the support they need in order to keep their doors open as America slowly reopens for business after the pandemic. This $28.6 billion grant program...
Reducing Accountant Mom Burnout
On one of the earliest episodes of this podcast, episode #17 - Beating Burnout, I discussed the topic of burnout and how incredibly challenging it is for accountant moms who have so much on their shoulders, both personally and professionally. That episode resonated...
Self-Employed Sick Leave Credit
Under the Families First Coronavirus Response Act (FFCRA), eligible self-employed individuals will determine their qualified sick and family leave equivalent tax credits with the new IRS Form 7202, Credits For Sick Leave And Family Leave For Certain Self-Employed...
Changes To The Child Tax Credit For 2021
Before President Biden signed the American Rescue Plan Act of 2021, the child tax credit was $2,000 for each qualifying child under the age of 17, with a maximum of $1,400 per child being allowed to be refunded based on AGI limitations. However, for tax year 2021...
New Minimalism For Accountant Moms
When you hear the word “minimalism”, what comes to mind? Do you see a bare, sterile environment that seems boring? Do you envision Tibetan monks with just a cot to sleep on and one pair of sandals to wear on their feet? Do you think of people who don’t make a lot...
EIDL Update: How To Request EIDL Increase
The SBA has increased the availability of funds for the Economic Injury Disaster Loan up to $500,000 which is an increase from the $150,000 previous maximum funds available. The SBA will be sending emails to let previous EIDL borrowers know how to request the...
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