The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
Changes to premium tax credit could increase penalty risk for some businesses
If your business can be defined as an applicable large employer, the recently signed American Rescue Plan Act might increase the likelihood that you’ll incur a penalty under the Affordable Care Act.
Who qualifies for “head of household” tax filing status?
If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.
EIDL loans, restaurant grants offer relief to struggling small businesses
Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options.
Victims of Texas winter storms get deadline extensions and other tax relief
On February 22, 2021 the IRS issued filing and payment relief for Texas residents impacted by the winter storm. We are here to help! Call our office at 512-930-4090 or send an email to cdbadmin@cdbradshaw.com should you need clarification or additional services.
PPP application deadline extended
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.
Make the most of the Employee Retention Credit
Is your business taking full advantage of the Employee Retention Credit?
PPP adjusted to prioritize very small businesses
The Paycheck Protection Program has undergone some notable changes recently as the Small Business Administration and Biden administration seek to give very small businesses easier access to loan funds.
Extended tax filing deadline provides relief to individual taxpayers and the IRS
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.