Tax & Current Accounting Topics

COVID Tax Tip IRS resources to help small business employers understand and meet their tax responsibilities 

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

https://accountinginstruction.info/

This week is National Small Business Week.

IRS: Tax relief now available to Ida victims in Pennsylvania; Oct. 15 deadline, other dates extended to Jan. 3 

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

https://accountinginstruction.info/ 

Victims of Hurricane Ida in parts of Pennsylvania now have until Jan. 3, 2022, to file various individual and business tax returns and make tax payments,

IRS Tax Tip Understanding the tax responsibilities that come with starting a business 

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

https://accountinginstruction.info/

Small business owners have a variety of tax responsibilities. The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one.

IRS recognizes Small Business Week: Resources available to help employers 

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

 https://accountinginstruction.info/

During National Small Business Week, the Internal Revenue Service wants small business owners to know that information and resources to help them understand and meet their tax obligations are available free

IRS: Cost of home testing for COVID-19 is eligible medical expense; reimbursable under FSAs, HSAs 

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

https://accountinginstruction.info/

The Internal Revenue Service reminds taxpayers today that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under health flexible spending arrangements (health FSAs),

IRS Tax Tip Reminder for extension filers: choose a tax preparer wisely https://www.irs.gov/newsroom/reminder...

https://accountinginstruction.info/

The filing extension deadline will be here soon. Taxpayers who requested an extension to file might be considering hiring a tax preparer.

Treasury, IRS issue guidance for 2021 on reporting qualified sick and family leave wages 

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

https://accountinginstruction.info/

The Treasury Department and the Internal Revenue Service today issued Notice 2021-53, which provides guidance to employers about reporting

IRS Tax Tip Understanding what happens after a disaster that leads to taxpayer relief 

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

https://accountinginstruction.info/

No matter the type of disaster or how devastating it is, before the IRS can choose to authorize tax relief,

IRS: Deadline for third quarter estimated tax payments is Sept. 15 

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

https://accountinginstruction.info/

The Internal Revenue Service reminds people that September 15, 2021, is the deadline for third quarter estimated tax payments.

Taxpayers can find answers to questions about payments and penalties on IRS.gov 

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

https://accountinginstruction.info/

Taxpayers can find answers to most questions about tax payments and penalties on IRS.gov.