Financial Resources & News
Tax Day for Individuals Extended to May 17
IRS to Delay 2021 Income Tax Filing Deadline to May 17 Officials with the Internal Revenue Service and the U.S. Department of the Treasury have told several media outlets and Congressional committees that the 2021 income tax...
American Rescue Plan Act of 2021
American Rescue Plan Act of 2021 President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law on Thursday afternoon. This $1.9 trillion stimulus package contains additional funding and expansion of tax credits to qualifying small businesses, assistance...
Unemployment Fraud Continues to Thrive
Unemployment Fraud Continues to Thrive The Illinois Department of Employment Security (IDES) has reportedly stopped around 1,000,000 fraudulent unemployment claims since March of 2020. That number continues to grow at an alarming pace. There are many consequences when...
Employee Retention Credits (ERC)
Employee Retention Credits (ERC) Implemented as a refundable credit under the CARES Act, the employee retention credit is extended through June 30, 2021. The following also applies for calendar quarters beginning after December 31, 2020: The credit rate is increased...
Unemployment Benefits Fraud
Unemployment Benefits Fraud Identity theft is an ongoing and increasing problem. It seems that no matter how many steps we take to protect our identities, fraudsters can be one step ahead of us. A new wrinkle is fraudulent unemployment benefit claims. In this...
Cybersecurity and You!
Cybersecurity and You! Cyber security is a quick way for your personal or business lives to be ruined in a very short time. People become targets of Cyber-attacks when they click on unknown links from unknown people or organizations with links and click on the link....
IRS/Tax Scams
[vc_row][vc_column][vc_column_text]IRS/Tax Scams With the final 2019 tax deadlines upon us it is becoming the season of the fraudster. These people show up and target primarily the elderly. The call is used as a threat of arrest or jail for some unknown taxes which...
PPP Loan Forgiveness – Pending Income Taxes Due?
[vc_row][vc_column][vc_column_text] PPP Loan Forgiveness - Pending Income Taxes Due? One of the least discussed aspect of PPP loan forgiveness is the pending income tax bill for its business owners. As originally written, Congress intended PPP loan forgiveness to be a...
Trust, but Verify Part 2
[vc_row][vc_column][vc_column_text] Trust, but Verify Part 2 Our prior post discussed the necessity of monitoring staff activities to reduce the chances of intentional or unintentional errors, or worse, hitting your company. You can probably guess where your company...