Business News February 2022

New Small Business Tax Rule for 2022 The American Rescue Plan Act of 2021 is a $1.9 trillion economic stimulus bill designed to facilitate US recovery from the economic and health effects of the pandemic. After a change within the Act, starting in 2022, small business owners or freelancers that get paid from a digital…

Business News July 2021

Advance Child Tax Credit Payments to Begin July 15, 2021 The American Rescue Plan, which was passed in March 2021, included a one-year expansion of the Child Tax Credit that increases the total credit available.  Under the American Rescue Plan, it also allows the tax credit to be distributed in advance periodic payments. However, the…