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Archive for the ‘Tax Services’ Category

Tuesday 02/09/2021

Donor Thank You Cards: What Requirements Non-Profits Need to Remember

Sending a thank you note after receiving a charitable gift to your nonprofit seems like a simple, but polite, way to recognize a donor. In reality, this acknowledgement is an extremely important piece of the donor/nonprofit relationship. More Than Thank You A thank you note is truly more than just a thank you. The IRS […]

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Friday 01/08/2021

Important Tax Credit Updates Under Latest COVID-19 Relief Bill

Employee Retention Tax Credit Back in March of 2020, The CARES Act granted eligible employers a credit, the Employee Retention Tax Credit (ERTC), against employment taxes equal to 50 percent of qualified wages paid to employees who are not working due to the employer’s full or partial suspension of business or a significant decline in […]

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Tax Implications of Consolidated Appropriations Act for December 2020

On December 27, 2020, President Donald Trump signed the Consolidated Appropriations Act, 2021 (H.R. 133) into law.  Below are the significant individual and business provisions. Extension of Unemployment Insurance Compensation Benefits An 11-week extension of unemployment insurance benefits.  This will provide an additional $300 per week along with state unemployment insurance. Stimulus Checks to Individuals Similar to […]

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Tuesday 01/05/2021

UPDATED FOR 2021: Tax Considerations for Newlyweds

Gwyn Broski is a supervisor in the tax department at Corrigan Krause. Update from Scott Serfozo, supervisor in the tax department at Corrigan Krause.   Marriage is an exciting time for couples however, along with most life changes; your tax situation also changes. It is important to understand basic tax considerations and consequences for newlyweds. […]

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