Tax & Current Accounting Topics

IRS Tax Tip Renewed work opportunity tax credit can help employers hire workers 

https://www.irs.gov/newsroom/renewed-... 

https://accountinginstruction.info/

With many businesses facing a tight job market, the IRS reminds employers to check out the work opportunity tax credit.

COVID Tax Tip Highlights from National Small Business Week 2021 

https://www.irs.gov/newsroom/highligh... 

https://accountinginstruction.info/

The IRS continues to provide materials and information to help small business owners and self-employed individuals comply with filing and paying requirements.

Expanded tax benefits help individuals and businesses give to charity during 2021; deductions up to $600 available for cash donations by non-itemizers 

https://www.irs.gov/newsroom/expanded... 

https://accountinginstruction.info/

The Internal Revenue Service today explained how expanded tax benefits can help both individuals and businesses

Oct. 15 deadline approaches for taxpayers who requested extensions to file 2020 tax returns 

https://www.irs.gov/newsroom/oct-15-d... 

https://accountinginstruction.info/

The Internal Revenue Service today reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns.

COVID Tax Tip Here are some key reminders for extension filers 

https://www.irs.gov/newsroom/here-are... 

https://accountinginstruction.info/

October 15 is fast approaching. That's the last day to file for most people who requested an extension for their 2020 tax return.

IRS Tax Tip Small business owners should see if they qualify for the home office deduction 

https://www.irs.gov/newsroom/small-bu... 

https://accountinginstruction.info/

Many Americans have been working from home due to the pandemic, but only certain people will qualify to claim the home office deduction. This deduction allows qualifying taxpayers to deduct certain home expenses on their tax return when they file their 2021 tax return next year.

IRS extends dyed diesel fuel penalty relief in Louisiana due to Hurricanes Ida and Nicholas

 https://www.irs.gov/newsroom/irs-exte... 

https://accountinginstruction.info/

The Internal Revenue Service, in response to the continued shortages of undyed diesel fuel caused by Hurricanes Ida and Nicholas,

IRS reminds business owners to correctly identify workers as employees or independent contractors 

https://www.irs.gov/newsroom/irs-remi... 

https://accountinginstruction.info/

During National Small Business Week, the Internal Revenue Service reminds business owners that it's critical to correctly determine whether the individuals providing services are employees or independent contractors.

New mailing address for some Western states as Fresno, California, paper tax return processing center closes

 https://www.irs.gov/newsroom/new-mail...

 https://accountinginstruction.info/

The Internal Revenue Service will close its paper return processing center in Fresno, California, permanently at the end of September this year. Originally announced in 2016, this closure is part of a larger, ongoing efficiency strategy as most taxpayers now file electronically.

Renewed tax credit can help employers hire workers; key certification requirement applies 

https://www.irs.gov/newsroom/renewed-... 

https://accountinginstruction.info/

With many businesses facing a tight job market, the Internal Revenue Service reminds employers to check