News and Updates

Trader Status Offers Significant Tax Benefits

In January 2021, online day traders trapped institutional short sellers in a short squeeze by...

What Do Top-Performing Employees Want?

Employees are more likely to behave honestly on the job when they believe an employer is committed...

Watch Out for COVID-19 Vaccine Scams

As millions of people sign up for COVID-19 vaccines across the United States, dishonest people see...

EIC: New Law Makes Major Changes

The earned income credit (EIC) has been around for years. But it’s never been worth as much as it...

DOL Suspends Changes to Trump-Era Labor Regulations

The U.S. Department of Labor (DOL) has recently taken action on the criteria for determining...

The Evolution of the Employee Retention Credit

The pandemic has adversely affected many sectors of the U.S. economy, causing widespread job...

Big Changes to the Child Credit for 2021

The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax...

Which Start-Up Costs Are Deductible for Federal Tax Purposes?

Many people started businesses in 2020, and many others plan to launch new ventures in 2021....

Identity Theft and Unemployment Benefits

Be aware that criminals are using stolen identities to open accounts and file fraudulent claims for...

COVID-19 Relief: Overview of the New American Rescue Plan Act

The American Rescue Plan Act (ARPA) was signed into law on March 12, 2021. The new law will provide...