ELO CPAs & AdvisorsMar 3, 20222 minIRS releases new guidance on Earned Income Tax CreditThe Internal Revenue Service posted a set of answers Wednesday to frequently asked questions on the Earned Income Tax Credit. The new...
Adam BormanJan 21, 20223 minDOES FARM BUSINESS ACCOUNTING MATTER?What is one of the most important jobs on the farm that is also the most neglected job? Without a doubt, it is the farm business...
ELO CPAs & AdvisorsJan 11, 20225 minTax season to start on Jan. 24The Internal Revenue Service said Monday that it will begin processing and accepting 2021 tax returns on Monday, Jan. 24, and the filing...
ELO CPAs & AdvisorsJul 28, 20215 minSmall businesses face bookkeeping challenges, overdue invoices during pandemicSmall business owners have been coping with unpaid invoices and inadequate accounting during the pandemic and needed to cover expenses by...
ELO CPAs & AdvisorsJul 23, 20215 minIRS warns of child tax credit scamsThe Internal Revenue Service’s Criminal Investigation division is cautioning taxpayers and tax professionals to beware of scams related...
ELO CPAs & AdvisorsJun 8, 20212 minIRS is processing returns of taxpayers who paid tax on 2020 unemployment compIRS is processing returns of taxpayers who paid tax on 2020 unemployment comp IR 2021-123, 6/4/2021 In a News Release, IRS has announced...
ELO CPAs & AdvisorsMay 19, 20212 minRestaurant Revitalization Fund to stop accepting applications MondayThe Restaurant Revitalization Fund (RRF) will officially stop accepting applications Monday, May 24, at 8 p.m. ET, the U.S. Small...
ELO CPAs & AdvisorsMay 12, 20213 minSocial and political factors driving company financial plansFinancial executives are eyeing tax changes expected in the Biden administration, demands for more environmental, social and governance...
-Sep 29, 20205 minThe Various Tax PlansWith the presidential election only weeks away, many people are beginning to pay closer attention to each candidate’s position on issues.