March 2021
California Tax Updates for 3/17
Post 1: New California sales and use tax rates take effect on April 1, 2021. The CA Dept. of Tax and Fee Administration (CDTFA) has announced new rates that were approved by CA voters in [...]
New Law: Parents and Other Eligible Americans to Receive Direct Payments
The American Rescue Plan Act, signed into law on March 11, provides a variety of tax and financial relief to help mitigate the effects of the COVID-19 pandemic. Among the many initiatives are direct payments [...]
Business Highlights in the New American Rescue Plan Act
N President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best known for the provisions providing relief to individuals, there are also several tax breaks [...]
The Latest on COVID-Related Deadline Extensions for Health Care Benefits
The U.S. Department of Labor (DOL) recently issued EBSA Disaster Relief Notice 2021-01, which is of interest to employers. It clarifies the duration of certain COVID-19-related deadline extensions that apply to health care benefits plans. Extensions [...]
Get Credit for IRA Contributions Made by April 15 on 2020 Tax Returns
The Internal Revenue Service notes that taxpayers of all ages may be able to claim a deduction on their 2020 tax return for contributions to their Individual Retirement Arrangement made through April 15, 2021. There [...]
PPP Video Updates with Kelly McGlinchy from Linkenheimer LLP
Learn more about what is happening in regards to PPP loans, forgiveness and other updates with Kelly from Linkenheimer. If you have questions, please contact your Linkenheimer CPA.