2021 – 01/26 Did you know that eight out of 10 taxpayers receive their income tax refunds using direct deposit? The reason, according to the IRS, is that filing electronically and choosing direct deposit is the fastest way to receive a refund. In fact, the IRS uses the same electronic transfer system to deposit tax refunds that’s used by other federal agencies to deposit nearly 98% of all Social Security and Veterans Affairs benefits into millions of accounts. Also, direct deposit avoids the possibility that a refund check could be lost or stolen. For more information, contact us or visit:
Similar Posts
Need another PPP loan for your small business? Here are the new rules
2020 – 01/06 Congress recently passed, and President Trump signed, a new law providing additional relief for businesses and individuals during the COVID-19 pandemic. One item of interest for small business owners in the Consolidated Appropriations Act (CAA) is the opportunity to take out a second loan under the Paycheck Protection Program (PPP). The basics…
Business website costs: How to handle them for tax purposes
2020 – 09/21 The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs, and IRS guidance that applies to software costs, provide business taxpayers launching a website with some…
Lessons Learned: Virtual Auditing
2021 – 01/21 If 2020 taught us anything, it was the necessity of being adaptable to unexpected circumstances and being flexible in solving problems across all aspects of our lives. In the accounting world, for example, COVID-19 public health restrictions necessitated significant changes in how financial statement audits were performed. When the COVID-19 restrictions came…
The Restaurant Revitalization Fund is now live
2021 – 05/05 The COVID-19 pandemic has affected various industries in very different ways. Widespread lockdowns and discouraged movement have led to increased profitability for some manufacturers and many big-box retailers. The restaurant industry, however, has had a much harder go of it — especially smaller, privately owned businesses in economically challenged areas. In response,…
Scam Alert: Text Messages and Economic Impact Payments
2020 -12/09 Beware of a new text message scam, warns the IRS and its security partners. The COVID-19-related scam tells unwary taxpayers that they qualify for a $1,200 Economic Impact Payment. Here’s how the scam works: Taxpayers get a text which states they’ve “received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further action…
National Small Business Week
2021 – 09/14 National Small Business Week runs through Sept. 17. To recognize the week, the IRS is providing information for businesses to help understand and meet their tax obligations. To learn more about employment tax obligations, obtaining an Employer Identification Number, making estimated tax payments and more, visit:
Need another PPP loan for your small business? Here are the new rules
2020 – 01/06 Congress recently passed, and President Trump signed, a new law providing additional relief for businesses and individuals during the COVID-19 pandemic. One item of interest for small business owners in the Consolidated Appropriations Act (CAA) is the opportunity to take out a second loan under the Paycheck Protection Program (PPP). The basics…
Business website costs: How to handle them for tax purposes
2020 – 09/21 The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs, and IRS guidance that applies to software costs, provide business taxpayers launching a website with some…
Lessons Learned: Virtual Auditing
2021 – 01/21 If 2020 taught us anything, it was the necessity of being adaptable to unexpected circumstances and being flexible in solving problems across all aspects of our lives. In the accounting world, for example, COVID-19 public health restrictions necessitated significant changes in how financial statement audits were performed. When the COVID-19 restrictions came…
The Restaurant Revitalization Fund is now live
2021 – 05/05 The COVID-19 pandemic has affected various industries in very different ways. Widespread lockdowns and discouraged movement have led to increased profitability for some manufacturers and many big-box retailers. The restaurant industry, however, has had a much harder go of it — especially smaller, privately owned businesses in economically challenged areas. In response,…
Scam Alert: Text Messages and Economic Impact Payments
2020 -12/09 Beware of a new text message scam, warns the IRS and its security partners. The COVID-19-related scam tells unwary taxpayers that they qualify for a $1,200 Economic Impact Payment. Here’s how the scam works: Taxpayers get a text which states they’ve “received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further action…
National Small Business Week
2021 – 09/14 National Small Business Week runs through Sept. 17. To recognize the week, the IRS is providing information for businesses to help understand and meet their tax obligations. To learn more about employment tax obligations, obtaining an Employer Identification Number, making estimated tax payments and more, visit:
Need another PPP loan for your small business? Here are the new rules
2020 – 01/06 Congress recently passed, and President Trump signed, a new law providing additional relief for businesses and individuals during the COVID-19 pandemic. One item of interest for small business owners in the Consolidated Appropriations Act (CAA) is the opportunity to take out a second loan under the Paycheck Protection Program (PPP). The basics…
Business website costs: How to handle them for tax purposes
2020 – 09/21 The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs, and IRS guidance that applies to software costs, provide business taxpayers launching a website with some…
Lessons Learned: Virtual Auditing
2021 – 01/21 If 2020 taught us anything, it was the necessity of being adaptable to unexpected circumstances and being flexible in solving problems across all aspects of our lives. In the accounting world, for example, COVID-19 public health restrictions necessitated significant changes in how financial statement audits were performed. When the COVID-19 restrictions came…
The Restaurant Revitalization Fund is now live
2021 – 05/05 The COVID-19 pandemic has affected various industries in very different ways. Widespread lockdowns and discouraged movement have led to increased profitability for some manufacturers and many big-box retailers. The restaurant industry, however, has had a much harder go of it — especially smaller, privately owned businesses in economically challenged areas. In response,…
Scam Alert: Text Messages and Economic Impact Payments
2020 -12/09 Beware of a new text message scam, warns the IRS and its security partners. The COVID-19-related scam tells unwary taxpayers that they qualify for a $1,200 Economic Impact Payment. Here’s how the scam works: Taxpayers get a text which states they’ve “received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further action…
National Small Business Week
2021 – 09/14 National Small Business Week runs through Sept. 17. To recognize the week, the IRS is providing information for businesses to help understand and meet their tax obligations. To learn more about employment tax obligations, obtaining an Employer Identification Number, making estimated tax payments and more, visit: