Blog April 7, 2021

Something to Celebrate?

This time of year, millions of Americans celebrate Easter and Passover, the holiest days of their faith. But the calendar is loaded with plenty of “Hallmark holidays,” too, usually invented by companies looking to sell something. There’s Sweetest Day, invented by greeting card companies to sell more greeting cards. There’s Small Business Saturday, invented by […]

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Blog March 31, 2021

Penny for Your Thoughts

In 2017, country singer Luke Bryan scored a #1 hit with “Most People Are Good.” Certainly, most people consider themselves good. Of course, “illusory superiority bias” (also known as the “better than average” effect) means most of us think we’re better than we really are at most everything. One survey showed 64% of drivers rating themselves […]

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Blog March 24, 2021

O Canada!

Time to play a word association game: what jumps into your mind when you hear the word “Canada”? If you’re like most Americans, it’s ice hockey or curling. Maybe it’s poutine, that irresistibly savory shotgun marriage of french fries smothered in cheese curds, and gravy that gives Canadians a helpful layer of belly fat to […]

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Blog March 22, 2021

FEDERAL AND STATE ESTIMATED TAXES STILL DUE APRIL 15, 2021

2021 Quarter 1 Federal and State Estimates are Still Due April 15, 2021. Many states are now joining the Federal government in moving the due date of tax returns for Individual Only (1040) returns to May 15, 2020. BUT all are still requiring First Quarter 2021 Estimated taxes to be paid on or before April […]

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Blog / COVID-19 March 19, 2021

American Rescue Plan (ARPA provisions)

American Rescue Plan (ARPA provisions) The following is a brief summary of key provisions included in the American Rescue Plan Act of 2021, called ARPA for short. All provisions are for 2021 only unless stated for 2020. Unemployment Benefit Exclusion for 2020 Effective for 2020 only, the first $10,200 of unemployment compensation, per person, is […]

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Blog March 18, 2021

2020 Federal Filing & Payment Deadline Extended to May 17, 2021 – Individual returns ONLY

2020 Federal Filing and Payment Deadline Extended to May 17, 2021 Individual returns ONLY.   The IRS has issued IR-2021-59 concerning the delay for FILING AND PAYMENTS on taxes due for 2020. Filing is extended to Monday, May 17, 2021, BUT for individual (form 1040) returns only.   To date, no states have complied with […]

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