Congress created an employee retention tax credit to retain employees on their payroll during the pandemic. Recent updates to the incentive have made it even more appealing for businesses. Originally introduced through the CARES Act, the employee retention credit (ERC) was extended in the Consolidated Appropriations Act (CAA) through June 30, 2021 and then again… Read more

On July 15, 2021, the IRS will start sending monthly child tax credit payments to qualifying families around the country. Thanks to the American Rescue Plan Act passed in March 2021, families claiming the child tax credit in 2021 will receive up to $3,000 for each qualifying child ages 6-17 and up to $3,600 for… Read more

Maybe your job, even your entire sector, has disappeared in 2020’s economic turmoil. Or perhaps you are just reaching a point at which you are ready to take the next step in your life. It’s possible you want to leave your corporate job for something more creative where you can make your own hours. Or… Read more

E-commerce marketplaces popped up in the early 1990s and have been on the rise ever since. In the last decade, we have seen a surge of brick-and-mortar stores take advantage of this additional consumer channel. What has become commonplace has also become confusing for owners to navigate the complex regulatory environment. How can accountants keep… Read more

Non-fungible tokens — a player in the shadowy cryptocurrency world — have increasingly been making their mark. But what are they, and how do they work? Why were they used to buy the artist Beeple’s work Everydays: The First 5000 Days at a recent Christie’s auction for $69,346,250? The answer is both simple and complicated. NFTs are unique digital tokens that use Ethereum to… Read more