by Heimlantz | Aug 13, 2021 | The HeimLantz Advisor Newsletter, Uncategorized, Volume 6 Issue 2
Tax Due Dates for the Remainder 2021 September 15, 2021: Deadline for third-quarter estimated tax payments for the 2021 tax year September 15, 2021: Final deadline to file partnership and S corporation tax returns for tax year 2020, if an extension was requested...
by Heimlantz | Apr 22, 2021 | Covid-19, Professional Firms, Uncategorized
On April 21, 2021, President Biden announced a tax credit for employers that would reimburse them for providing paid time off to employees to cover both getting vaccinated and any recovery time required due to vaccine side effects. The IRS followed up the President’s...
by Heimlantz | Mar 22, 2021 | News, Uncategorized
For the second year in a row, the federal income tax filing due date for individuals has been postponed. The postponements come as a part of the fallout of the coronavirus pandemic and the legislation that has resulted from it, which has added complexity to tax...
by Heimlantz | Dec 28, 2020 | Covid-19, News, Uncategorized
On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (CAA2021), which includes $892 billion in coronavirus stimulus spending. This long-awaited and highly contested piece of legislation ties coronavirus relief funding into a...
by Heimlantz | Oct 28, 2020 | Uncategorized, Volume 4 Issue 2
Last December, the Setting Every Community Up for Retirement Enhancement (SECURE) Act became law. The SECURE Act was intended mainly to expand opportunities for individuals to increase their retirement savings and to simplify the administration of retirement plans....
by Heimlantz | Oct 28, 2020 | Uncategorized, Volume 4 Issue 2
You likely formed an S corporation to save on self-employment taxes. If so, is your S corporation salary nonexistent? too low? too high? just right? Getting the S corporation salary right is important. First, if it’s too low and you get caught by the IRS, you will pay...
