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Archive for June, 2021

Eligible Parents Will Begin Receiving Advance Child Tax Credits July 15th

Posted on June 24th, 2021 by Shari Elias

Dear Clients, Business Associates and Friends, The 2021 advance child tax credit (CTC) payments, which were established under a recent law, will begin being made on July 15, 2021, the IRS announced. The tax agency also stated that “roughly 39 million households – covering 88% of children in the United States – are slated to begin […]

A More Valuable Employee Retention Credit for 2021

Posted on June 14th, 2021 by Shari Elias

Have you evaluated whether your business qualifies for the Employee Retention Credit?  The Federal program has been modified twice in the past six months, so if you have not kept up with the changes you may find that you qualify for payroll tax credits based on continuing wage payments. The threshold for qualifying in 2021 […]

Which States Are Opting Out of Federal Unemployment Benefits?

Posted on June 7th, 2021 by Shari Elias

In recent weeks, many employers have complained about how difficult it is to fill job openings. The country is returning to normalcy, with COVID-19 cases drastically falling, yet some businesses can’t get all their workers to come back. Maryland recently joined 24 other states in ending the $300 per week federal unemployment benefits in a […]