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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...
Delegating Tools For Work And Home
When it comes to delegating, especially for working moms, it can seem like a great idea, but can often be challenging when faced with actually doing it. While it would be amazing to be Supermom and be able to do it all, you’re actually not doing yourself any favors,...
Interview With Twyla Verhelst, CPA, About What It Means To Be A Progressive Accountant
Every female CPA has a story and every entrepreneur has one as well. This week I had the pleasure of interviewing Twyle Verhelst, CPA. Twyla is the head of Freshbooks Account Channel and the leader of the Accounting Professionals program with Freshbooks. She was...
Why Your Personality Isn’t Permanent
Do you fall into the Dominant, Inspiring, Supportive or Cautious category per the DISC personality assessment? Do you know if you’re an ISTJ or an INFJ in the Myers-Briggs assessment? Or are you considered a Blue in the Color Personality Test? When it comes to...
Refunds for Unemployment Exclusion & IRA Contribution Due Date
IRS Refunds for Unemployment Exclusion On March 31, 2021, the IRS announced that it will begin sending refunds to taxpayers who received unemployment benefits and are eligible for the exclusion on up to $10,200 of benefits but who filed their tax return before...
Using A Portal For Document Exchange
Throughout the year, and especially at this time of year, tax preparers are exchanging documents with clients on a daily basis which is why it is vital to keep such document exchanges secure. Most of these documents include very sensitive information, making it...
The Alchemy of Stress
As accountants and moms, we are all under a good deal of stress these days. Whether it’s due to work deadlines, health concerns, children’s schedules or a host of many other reasons, stress seems to be a daily companion for a lot of us. Right now, it feels like...
One of the Best Time Saving Strategies
Doesn’t it seem like time is flying by when you look at your children and how fast they’re growing? But then it seems like time is slowly dragging when you’re working and you just want to get everything done. The most valuable asset you have as a working mom is time,...
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