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The IRS has released updated guidance regarding the increased possibility of future audits on taxpayers who have claimed the Employee...

Planning ahead and understanding your tax situation can prevent you from paying taxes you do not owe and help you take advantage ...

NFT stands for Non-Fungible (sounds like fun-juh-buhl) Token. NFTs are digital files that contain certificates of ownership and authenticity

The Build Back Better Act is expected to pass through the House this week, following the passage of the recent Infrastructure Bill.

With the 2021 tax season quickly approaching, much of the national focus has been on the current administration’s proposed changes for...

While receiving the monthly payments for the advance Child Tax Credit may seem like a helping hand, for some families, it might make the...

In August, the U.S. Department of Education announced that there will be a final extension of the pause on student loan repayment until...

The IRS launched two new online tools designed to help families manage and monitor their Child Tax Credit Payments. These two new tools are

The American Rescue Plan Act of 2021 (ARPA) was passed in March which modified and extended the Employee Retention Credit (ERC) from June...

There have been significant enhancements made to the child tax credit (CTC) by the American Rescue Plan Act of 2021 (ARPA).

Didn’t receive the Economic Impact Payments or received payments less than the full amount? You could qualify for the Recovery Rebate Credit

If new tax law is passed, it is a real possibility that these changes could be made retroactive to January 1, 2021.

On Monday December 21, 2020, the House of Representatives and Senate approved the COVID-Related Tax Relief Act of 2020 (COVIDTRA). This act

There are two recently enacted laws which effect required minimum distributions (RMDs) from traditional IRAs, 401(k)s, and ...

Close to 14 million individual taxpayers who filed their 2019 Federal income tax returns on time and received a refund will or...

Possibly due to the Marketplace Facilitators Tax Law. Third-party sellers on websites such as Amazon, Etsy, Walmart, UberEATS, Shopify, etc.

Small businesses and nonprofits may apply for grants of up to $20,000, and awardees will be announced no later than September 30th.

As a business owner, hiring your children has always been a great tax planning strategy. However, with the passing of the Tax Cuts and Jobs

Beginning Monday, March 23rd, we have established the following BKC office guidelines until further notice:

New for 2020, employers will no longer have the obligation assessment portion with the tax rates.