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Immigrant taxpayers contribute to Georgia’s bottom line. One in ten Georgia residents is an immigrant, while 7 percent of residents are native-born U.S. citizens with at least one immigrant parent. As immigrants start businesses, buy homes, earn wages and spend disposable income at local businesses, they generate considerable state and local tax revenue regardless of… [Read More]

Is It Time to Digitize Your Small Business Bookkeeping? Financial statements are necessary for the everyday operation of a business. If you keep your own books, you need to have a good understanding of accounting principles, know how to calculate profit and loss accurately, and understand the various types of cash-flow spreadsheets. Conversely, if you… [Read More]

According to Nerdwallet, families that are working and hit some requirements could pocket up to $18,000 as a tax credit, this is an example for a family with two children. It comes as families will receive an additional stimulus payment from July 15 under Joe Biden’s child tax credit expansion plans. When can families expect… [Read More]

Tax Treatment of Unemployment Compensation The Internal Revenue Service (IRS) announced (IR-2021-71) on March 31, 2021 that it would take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan. Please keep in mind that unemployment… [Read More]

The enhanced tax credit is part of the $1.9 trillion American Rescue Plan that President Joe Biden signed into law in March. This new benefit is available to children 17 and under in families with 2020 adjusted gross income less than $75,000 for single parents and $150,000 for a married couple filing jointly. The enhanced… [Read More]

Even if you already got your third stimulus check, it’s possible that you can get an additional check. The IRS is sending out additional payments to people who didn’t get quite as much of the stimulus payment as they were meant to. About 1395 billion in payments have been made overall since the American Rescue… [Read More]

Disaster Financial Assistance with Food, Housing, and Bills During the COVID-19 pandemic, you may qualify for additional help with food and bills. Learn about mortgage and rental relief. What Disaster Financial Assistance is available? COVID-19 Stimulus Checks for Individuals – The American Rescue Plan Act of 2021 provides $1,400 Economic Impact Payments for people who… [Read More]

The $1.9 trillion aid package that President Joe Biden signed into law in March temporarily expands the child tax credit. For the 2021 tax year, the credit is upped to $3,000 per child age 17 or younger and $3,600 for children under the age of six. That’s up from the original $2,000 child tax credit… [Read More]

Here’s the latest timeline on when you might see the money and what to do if you haven’t received it yet. The IRS has started processing and sending out stimulus checks for millions of Americans after President Joe Biden signed the $1.9 trillion coronavirus relief package. Refer to Third Economic Impact Payment. But it could… [Read More]