5 Ways to Prepare for Student Loan Payments to Restart

Student loan payments are set to begin after the COVID-19 emergency relief ends. To prepare for the restart, continue reading to learn the top five tips. Update your information Pull up your loan servicer’s website and your StudenAid.gov profile to double-check that your contact information is accurate. This will ensure you are kept up to […]

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Basic Accounting Terms Explained

It is important to understand the basic accounting terms as a business owner or someone who is moving up in a business. Continue reading to discover the top accounting terms that will be essential to understand to effectively communicate with your accounting service provider. Please continue reading and speak with our knowledgeable New Jersey Certified Public […]

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2021 Offers Advanced Child Tax Credit Payments

For 2021 only, the American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit. This change may help families receive advance payments coming up this summer. Expanding the Child Tax Credit means that the credit for qualifying children is fully refundable. This means that taxpayers can benefit from the credit if they do […]

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IRS to Recalculate Taxes on Unemployment Benefits; Refunds to Start in May

To help taxpayers, the IRS announced today that it will take steps to automatically refund money this spring and summer to people who filed their tax returns reporting unemployment compensation before the recent changes made by the American Rescue Plan. The legislation, signed on March 11, allows taxpayers who earned less than $150,000 in modified […]

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Summary of the American Rescue Plan Act of 2021

This document provides a brief summary of key tax provisions contained in the American Rescue Plan Act, H.R. 1319, which was signed into law on March 11, 2021. Recovery Rebates/Economic Impact Payments The act creates a new Sec. 6428B that provides individuals with a $1,400 recovery rebate credit ($2,800 for married taxpayers filing jointly) plus […]

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