2021 Tax Calendar

To help you make sure you don’t miss any important 2021 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them. Date Deadline for February 1 …

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Indra Nooyi – The Best Advice I Ever Got

Indra Nooyi, Former Chairman and CEO, PepsicoThis article was originally published in Fortune Fortune magazine, April 30, 2008, and can be found at https://archive.fortune.com/galleries/2008/fortune/0804/gallery.bestadvice.fortune/7.html Emphasis added. “My father was an absolutely wonderful human being. From him I learned to always assume positive intent. Whatever anybody says or does, assume positive intent. You will be amazed …

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Helicopter View of Meals and Entertainment (2021-2022)

Have you missed partying and having business meals with your prospects, customers, and employees? To help you get ready, check the table below for what you can do in 2021 and 2022 as the law stands now: Let GLO CPAs, help you wade through the do’s and don’ts about entertainment expenses!

Employee Retention Credits

You Can Have Tax-Free PPP Money AND Tax Credits from the Employee Retention Credit The CARES Act, enacted on March 27, 2020, prohibited you from getting both Paycheck Protection Program (PPP) money and tax credits from the Employee Retention Credit (ERC); you had to choose one benefit or the other. Now, thanks to the new …

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Winter Storm Uri and Your Taxes

IRS ANNOUNCES TAX RELIEF FOR TEXAS SEVERE WINTER STORM VICTIMS Did you suffer from the power outages?  Did the freeze kill your landscaping?  Did you have some plumbing bills for busted pipes?  With all of this, you didn’t have enough to claim on your insurance because your deductible is high?  There may be deductions that …

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Premium Tax Credit: Taxpayers with Household Income Over 400% of Federal Poverty Line Made Eligible

Under pre-American Rescue Plan Act (ARPA) law, individuals with household income above 400% of the federal poverty line (FPL) weren’t eligible for the Premium Tax Credit (PTC). Under ARPA, for 2021 and 2022, the premium tax credit is available to taxpayers with household incomes that exceed 400% of the federal poverty line. This change will …

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