More than 36 million families could soon start receiving advance monthly payments of the Child Tax Credit, which was expanded for 2021 as part of the American Rescue Plan Act….
Happy Third Anniversary, Wayfair: A Look Back and Ahead at this Sales and Use Tax Supreme Court Ruling
June 21, 2021 is the third anniversary of the U.S. Supreme Court’s landmark South Dakota v. Wayfair ruling that upended the sales and use tax world. For decades, businesses only…
Biden Tax Proposals: What to Watch for (and Discuss with Your Advisor) as the Legislative Process Plays Out
President Biden recently announced two spending proposals, the American Jobs Plan and the American Families Plan. The American Jobs Plan focuses on job creation, workforce development, clean energy, infrastructure improvement…
COVID-19 Relief Summary for Employers
Over the past 12 months, the federal government has enacted four major relief bills to mitigate the financial and economic disruption of COVID-19. The most recent act, the American Rescue…
What Does the American Rescue Plan Mean for Your 2020 Tax Return?
The $1.9 trillion American Rescue Plan Act, signed into law by President Biden on March 11, 2021, contains significant aid for families, individuals, small businesses, farmers, state and local governments,…
