July is already here, and so is the highly anticipated IRS advance on child tax credits that you normally get after filing your tax return. Keep an eye out for a letter from the Internal Revenue Service (IRS). It will be good news for you if you qualify for the new child tax credit payments, allowing you to receive these... read more »
We are now halfway through 2021 and have seen the effects that the COVID-19 pandemic has had when it comes to taxes, but the good news is it's actually better than what many people, as well as governments, had previously predicted. While many expected our states to see a sharp decline in revenue thanks to the pandemic, it surprisingly turned... read more »
Did you know that the Treasury Department and Internal Revenue Service extended the federal income tax filing due date for people filing for the 2020 tax year from April 15, 2021, to May 17, 2021? That's because the IRS wants to help you file your taxes while you are figuring out the pandemic uncertainties. Just remember that filing electronically using... read more »
The American Rescue Plan Act was officially passed in the House and Senate on March 10th. The coronavirus relief bill brings with it some important tax changes you need to know when it comes to filing your 2020 taxes. In particular, how your unemployment benefits, economic impact payments, and student loan debt forgiveness affect your taxes. Let's take a look!... read more »
Tax filing season is upon us, and many people find that filing their taxes is highly stressful, wondering if they will get a refund this year or be paying taxes. If you are among those, rest assured, you are not alone. Like many taxpayers this year, you may have stimulus payments, unemployment income, and PPP loans to consider when filing... read more »
When it comes to incorporating a business out of state, did you know that Nevada is considered the number one state to launch your corporation in? It's actually not mandatory to incorporate your business in the state where you live or even conduct your business. This flexibility allows businesses around the country to have options and ultimately do what is... read more »
At Corporate Capital, we can't stress enough how valuable a good bookkeeping and accounting service is for your business, and in fact, may even depend on it! If you have been trying to juggle the books yourself, you might want to reconsider this tact, especially now as you start a new year and possibly wanting to implement more beneficial changes... read more »
Today I want to talk to you about where most business owners choose to incorporate their businesses. One of the biggest myths out there in the corporate world is that you must incorporate in the state in which you live and conduct business. This is absolutely false. You are free to incorporate in any state you choose, regardless of where... read more »
2020 is almost over, and there are plenty of reasons to be glad about that. But, there are still some tax-saving moves you can make to ring in the new year in your best financial shape. Assessing Your Finances If you have been one of those who have lost their job this year, or had a change in your work... read more »
Many occurrences like this year's pandemic and the election could affect your taxes, investments, and retirements. Now, more than ever, your money and your business must be the highest priority as you navigate the last quarter of this year. Along with these factors and a recession, the country is currently facing a lot of uncertainty. With that said, there are... read more »
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