The IRS Recovery Rebate Credit and how EIP Payments relate can be a confusing topic. Read on for more information on how the credit impacts your 2020 Individual tax return. … Read More >What is the IRS Recovery Rebate Credit?
While you do not have to file your return until the due date, preparing your tax return early can have multiple benefits. … Read More >Benefits to Early Tax Prep
With the February 1st deadline rapidly approaching, today is the last day to send Watson & Associates, CPA your bookkeeping information to prepare your 2020 1099’s. … Read More >Last Call For 1099s
The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll. … Read More >IRS Extends COVID Tax Credit for Certain Employers
The Internal Revenue Service today released Notice 2021-11 PDF addressing how employers who elected to defer certain employees’ taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year. … Read More >IRS Notice on deferred Social Security Taxes from 2020
The timeless wisdom and inspiration of Martin Luther King, Jr. is an especially fitting remembrance today. May we all consider … Read MoreMartin Luther King Day 2021
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