How can tenants pay their regular monthly rent bills if they’re out of job? As unemployment skyrocketed due to the COVID-19 pandemic, Congress enacted a series of laws designed to provide relief to renters and protection from potential eviction. But these relief measures often left owners of residential rental properties…
If your business was forced to close due to the pandemic, you may be itching to get back in the game. Or maybe you’re looking to fulfill a lifelong dream of running a business for the first time. In any event, there’s been a recent uptick in the number of…
If a bank, investor, buyer, bond agency, or other third-party asks for or demands your financials—and your tax firm cannot provide them in a timely manner—you may not get the loan or credit line increase you need. Banks are especially strict because of the pandemic and are requiring your financials…
Where’s my 2020 tax refund? If you are asking this question you are not alone. In May 2021, the Tax Advocate Service provided an update stating the IRS has struggled to handle a recent backlog of about 30 million tax returns. About half of the backlog is 2020 individual tax…
The Employee Retention Credit (“ERC”) was originally enacted as part of the first wave of pandemic relief in March of 2020. Since then, it has been modified and expanded to make many small businesses eligible. Many business owners think they are only eligible if their business was shut down. If…
