SEYMOUR & PERRY, LLC | BLOG

Tax season is upon us once again. As you prepare to file your 2021 tax return, watch out for important dates, changes, and correspondence fr

With the new year comes yet another tax season! As you gather your 2021 tax information, be on the lookout for correspondence from the IRS. If you received advance payments of the child tax credit during 2021, you should receive a letter that will help simplify your tax return and maximize any remaining amount owed to you. The American Rescue Plan Act (ARPA) of 2021 revised and expanded the child tax credit for the 2021 tax year, increasing the maximum credit amount and aut

The IRS recently announced that the filing deadline for individual tax returns has been extended to May 17th, 2021. To clear up any [...]

The FFCRA requires private employers with fewer than 500 employees to provide employees with paid sick leave or expanded family and medical leave for reasons related to COVID-19. This requirement is also mandatory for certain public employers. The provisions are effective from April 1st, 2020 through December 31st, 2020. If a small business has fewer than 50 employees and its viability would be jeopardized by providing paid leave due to school closings or childcare unavailab

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27th, 2020. In addition to stimulus payments to American families and individuals, expansion of unemployment benefits, and several other components, the legislative package provides financial relief for federal student loan borrowers in the form of an automatic suspension of payments and interest on federally-held student loans through September 30th, 2020.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27th, 2020. This relief package provides over $2 trillion in economic assistance for American workers, families, students, and small businesses. A major component of the CARES relief package is the disbursement of Economic Impact Payments to American individuals and families. Payments of up to $1,200 are provided for eligible adults ($2,400 for joint filers), with an additional $500 fo