Tax Season 2021

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Biden Signed the COVID-19 Relief

Vector image illustration of tax preparation documents portraying the COVID-19 Relief Stimulus Bill

Today March 11, 2021 President Joe Biden signed the $1.9 Trillion Stimulus Bill that will provide the Payment Protection Program (PPP) an additional $7.25 billion and the Economic Injury Disaster Loan (EIDL) an additional $15 billion to fund shortfalls for the $10k grant.

President Joe Biden signed the bill a day earlier than we expected. Essential components of the Bill include:

Newly eligible entities may receive PPP Second Draw, if they have suffered at least a 25% revenue loss and employ only 300 employees or fewer; also expands the eligibility to additional non-profits organizations listed in Section 501(c).

Questions about the COVID-19 Relief Stimulus Bill? Our Financial Experts are online and ready to assist you, schedule a time here:

Is your CPA saving you money in tax payments this year?

Hiring a CFO will bring more benefits than a CPA. Almost all the clients we helped already have a bookkeeper, accountant, or CPA.

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2021 Tax Law Proposals Timeline

The Biden administration has introduced a series of tax proposals as part of the Build Back Better initiative to pay for new government programs such as education and infrastructure.

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