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What could President Biden’s tax proposals mean for you? Here’s a brief rundown of the “American Families Plan.”

What's a "restaurant" for tax deduction purposes? A recent tax law provides a 100% business deduction (up from 50%) for food and beverage expenses in 2021 and 2022 as long as they're "provided by a restaurant." The IRS has now […]

Every contractor should have protocols in place to prevent fraud perpetrated by workers and external parties. As this article explains, these include segregation of accounting duties, annual audits and robust cybersecurity plans. Construction businesses also must periodically review supplier lists to help protect against vendor fraud.

There's good news for certain parents: For 2021 only, under provisions included in the new American Rescue Plan Act, you may be eligible for a significantly larger tax credit for qualifying children. Though the rules have been significantly liberalized, they're complicated. Here are the basics to help determine whether your family qualifies for this potentially valuable, but temporary, tax change.

Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the latest on the popular loan program.

CANTON, OHIO-MARCH 29, 2021 -Hall, Kistler & Company, a leading accounting firm in Stark County announced that they have received two workplace campaign awards from the United Way of Greater Stark County. The PARTNERS IN EXCELLENCE 2020 AWARD is for […]

The IRS extends the Tax Day deadline. Individual taxpayers get extra time to file their 2020 tax returns and pay their taxes because of the pandemic. The IRS announced that the federal income tax filing and payment due date has […]

If you're self-employed, there are two tax-saving opportunities to consider before filing your 2020 federal income tax return. First, you may be able to defer part of the Social Security tax component of your self-employment tax liability. Second, you may be entitled to receive tax credits for COVID-related sick leave and family leave. Here are the details, as well as the lowdown on a new 1099 form for nonemployee compensation.

President Biden recently signed legislation to infuse the U.S. economy with another $1.9 trillion in financial relief during the COVID-19 pandemic. This is welcome news for people and businesses that have suffered major losses over the last year. Here are some highlights of the tax and financial relief provisions of the American Rescue Plan Act.

Is your business taking full advantage of the Employee Retention Credit?

Due to the pandemic and an unprecedented backlog of tax returns waiting to be processed, the IRS has postponed the federal tax filing deadline to May 17, 2021.

Because the American Rescue Plan Act is such an expansive piece of legislation, it’s likely you, your family or your business can benefit from it.