Blog for CPAs

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...

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...

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...

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...

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,...