by David Merrifield | Federal Tax, General, News, US Tax Returns
US Congressional leaders announced yesterday evening (Sunday 20th December 2020) that they have secured a deal for a $900 billion ‘rescue package’ to deliver much-needed relief for small businesses, unemployed Americans and health care workers while...
by David Merrifield | News, US Tax Returns
We are delighted that Rachel Finch has now officially become a Certifying Acceptance Agent. This means that Rachel can now certify and complete a Certificate of Accuracy (COA) to authenticate foreign identity documents for you, so you don’t need to send your...
by David Merrifield | News, US Tax Returns
At this point, most people have heard about relief measures the government has enacted in the wake of Covid-19, but there remains one opportunity to harvest that has had little discussion surrounding it—Section 139 Qualified Disaster Payments. Background ...
by David Merrifield | News, US Tax Returns
If you can’t pay your taxes, don’t panic. Here’s what to do first: Make sure to file your tax return on time—failure to file is a much higher penalty than failure to pay. Pay as much as possible when you file your tax return, as every dollar you pay at tax time...
by David Merrifield | Federal Tax, News
At the end of 2019, the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) was signed into law, modifying required minimum distribution (RMD) rules for inherited IRAs and retirement accounts. Under the SECURE Act, inherited IRAs and...
by David Merrifield | News, US Tax Returns
When the CARES Act was signed into law, it created the Paycheck Protection Program (PPP), which is a new loan designed to help small businesses pay employee wages and other critical expenses. Proceeds from this loan can be forgiven if certain criteria are met....
