by TallyPage Accounting and Bookkeeping | Sep 10, 2021 | Tax Tips and News
When a major natural disaster strikes, it’s not uncommon for federal officials to pull out all the stops at their disposal to speed the wheels of recovery. That’s what’s happening now in Louisiana, in the wake of Hurricane Ida. In Bayou Country, one of the big needs...
by TallyPage Accounting and Bookkeeping | Sep 9, 2021 | Tax Tips and News
This summer, the U.S. has been subjected to more than its share of natural disasters. While disaster survivors may look at their tasks mainly as clearing debris and rebuilding structures, there’s another tool in the recovery tool belt that is just as important:...
by TallyPage Accounting and Bookkeeping | Sep 3, 2021 | Tax Tips and News
The Internal Revenue Service has wasted no time in granting important tax relief to those most impacted by Hurricane Ida. The storm clouds that brought destruction to much of Louisiana and other parts of the Gulf Coast had barely cleared before the relief measures...
by TallyPage Accounting and Bookkeeping | Aug 31, 2021 | Tax Tips and News
Small businesses that make their website compliant with Americans with Disabilities Act standards could qualify for the disabled access tax credit. From business clients to your own tax practice, this credit can help cover some of the associated expenses. ...
by TallyPage Accounting and Bookkeeping | Aug 28, 2021 | Tax Tips and News
October is just a month away, so it’s time once again for an important announcement by the Internal Revenue Service: The federal fourth quarter interest rates. Despite the seasons changing, it looks like rates are staying the same. What are the federal interest rates...
by TallyPage Accounting and Bookkeeping | Aug 26, 2021 | Tax Tips and News
Impersonating the Internal Revenue Service is big business for identity thieves. These phishing scams often combine fear of the agency with urgency (and threats), and those who fall for them can soon find their information or money stolen. That’s why the IRS this week...
by TallyPage Accounting and Bookkeeping | Aug 26, 2021 | Tax Tips and News
As more employers utilize the employee retention credit to keep their workers employed—and as the pandemic continues to be a factor in American business—the Internal Revenue Service continues to issue guidance on who qualifies for the credit and how best to apply it....
by TallyPage Accounting and Bookkeeping | Aug 25, 2021 | Tax Tips and News
A new feature just added to the IRS’ Child Tax Credit Update Portal allows users receiving the advance credit payments to change their mailing addresses. The Internal Revenue Service says this should speed up the process for taxpayers who get their advance payments by...
by TallyPage Accounting and Bookkeeping | Aug 23, 2021 | Tax Tips and News
Long-haul truckers and others who own heavy highway motor vehicles are running out of time to file their federal highway use tax return by August 31. The heavy vehicle use tax is levied on vehicles with a taxable gross weight of 55,000 pounds or more that operate on...
by TallyPage Accounting and Bookkeeping | Aug 19, 2021 | Tax Tips and News
The tax industry partners who make up the Security Summit are urging practitioners to take a page out of the medical books in order to keep their computer systems healthy: to cure an infection, you first have to know your patient is sick. In other words, tax pros have...