PAYCHECK PROTECTION PROGRAM (PPP)

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities. Loans from the Paycheck Protection Program will […]

IRS “GET MY PAYMENT” Tool

The IRS Get My Payment information tool is now LIVE on the IRS website. Taxpayers can use the Get My Payment site to: Check on the status of their Economic Impact Payment. Confirm their payment type (direct deposit or mailed check). Add their direct deposit information if it has not already been provided to the IRS. Taxpayers will not be able to update their mailing address using […]

CARES ACT UPDATE

Economic Impact Payment Information As the IRS prepares to issue approximately 175 million Economic Impact Payments, We have been working closely with the industry leaders to develop a strategy that gets refunds into taxpayer’s hands without creating a burden on tax professionals. What your clients can expect? A taxpayer who filed through your office and […]

ECONOMIC STIMULUS BILL

Your phones are probably ringing with taxpayers wanting to know about their stimulus checks. The below article is not intended to address all potential scenarios but to hit on the stimulus check highlights regarding the questions we are being asked. Who gets what? Things to know… Stimulus payments will be phased out for certain income levels: Individuals […]

PAID PREPARER DUE DILIGENCE LAW

IRS paid preparer due diligence compliance program is not something new to the tax industry, but the IRS is continually adopting new tactics and adding new things to the program. The paid preparer due diligence compliance program includes earned income credit (EITC), the child tax credit (CTC), additional child tax credit (ACTC), the other dependents […]

TEXT MESSAGE MARKETING

Come tax time your customers are being messaged nonstop by your competitors via T.V, radio, and even social media feeds. The only thing better than that is sending a personalized text message. It’s an affordable and effective strategy to reach your customers wherever they are.   When you are evaluating your communication options, consider this: […]

TIME TO RENEW YOUR PTIN FOR 2020

Time to renew your PTIN again…IRS is urging tax return preparers to start the upcoming 2020 filing season smoothly by renewing their preparer Tax Identification Number (PTIN) now. all current PTINs will expire December 31, 2019 Anyone who prepares or helps in preparing a federal tax return for compensation must have a valid PTIN from […]

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