2021 Tax Credit Available

November 4, 2021

A message from our friends at Exceptional SC.We hope that you will consider joining this important cause to help us transform the lives of thousands of special needs children in our state. Last year, we were able to support 1,500 students’ statewide attending special education programs within private schools.   There were some very important changes signed

News from the House Ways and Means Committee

September 20, 2021

"On September 13, 2021, the House Ways and Means Committee released the proposed tax provisions of the broader budget reconciliation bill that Democrats hope to pass in the upcoming weeks." Click here to view the full article from our friends at UBS.

PLANNING FOR POTENTIAL TAX REFORM

August 17, 2021

PLANNING FOR POTENTIAL TAX REFORM  With all the uncertainty surrounding Biden’s tax policies, we want to be proactive on what could be, yet another, big year for taxes. We know you are hearing the news regarding Biden’s tax proposals and, for some of you, the changes could be significant. We want to assure you that

Do you have questions regarding the Advance Child Tax Credit?

August 2, 2021

Click the following link for up-to-date instructions on how stop payments, return payments, and how to update your information for payments. https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

Fall Extension Deadlines

July 21, 2021

How did the summer go by so fast? Extension deadlines are around the corner!  If we do not have all of your information by the following document deadline dates (with the exception of pending K-1s) we cannot guarantee your returns will be filed by the extension deadlines. (You will be responsible for all late filing and late payment penalties should you neglect

2nd Quarter Tax Payment Reminder

June 11, 2021

Friendly reminder that your 2021 2nd Quarter Estimatesare due June 15, 2021. Why waste a check when you can pay online?South Carolina: Click here to pay onlineFederal:  Click here to pay online

SC Passes SALT Deduction Workaround

June 4, 2021

 As many of you are aware, the deduction for state and local taxes (SALT) is limited to $10,000 on an individual’s income tax return. Many states have passed laws to workaround this limitation and have the tax paid and deducted at the entity level. On May 17, South Carolina became one of those states.Per Bill

Pandemic Relief Fund for Restaurants Is Open – The Money Won’t Last

May 5, 2021

By: Sharon Kreider, CPA Article Note: The SBA began accepting Restaurant Revitalization applications on May 3.The Restaurant Revitalization Fund (RRF) is a first-come-first-serve program.The Paycheck Protection Program ends on May 31, 2021. Finally, April 15, I mean May 17, is almost behind us.  We should get a breather for at least a few weeks. We should,

Restaurant Revitalization Award Portal

May 5, 2021

Register and Apply through the SBA Select this option to begin the application process for a Restaurant Revitalization Award. This portal will help you calculate your eligible award amount, monitor status, and interact with the SBA. Click to Register to Start Your Application

From our Friends at Thomson Reuters: President Biden’s Families Plan Fact Sheet contains numerous tax provisions

April 29, 2021

The White House - Fact Sheet: The American Families Plan President Biden's April 28 "Fact Sheet: The American Families Plan" contains numerous tax breaks for low and middle earner taxpayers and numerous tax increases on taxpayers "making over $400,000 per year." Tax breaks. Here is a summary of the tax breaks in the Fact Sheet: