If You Missed The April 18th Filing Deadline… April 20, 2022 — The IRS announced today that more than $12.1 million in matching grants were awarded to 131 organizations across the country for development, expansion, or continuation of qualified Low Income Taxpayer Clinics (LITCs) for the 2022 grant year. Read more… Together We Can Make a …
IRS Revises Tax Year 2021/Filing Season 2022 Frequently Asked Questions For The Child Tax Credit April 27, 2022 — The IRS today issued a revised set of frequently asked questions for tax year 2021 and filing season 2022 for the Child Tax Credit. The Child Tax Credit (CTC) provides cash transfers to millions of families …
What’s New – Employee Retention Credit – 2020 Vs 2021 Comparison Chart The federal government established the Employee Retention Credit (ERC) to provide a refundable employment tax credit to help businesses with the cost of keeping staff employed. Eligible businesses that experienced a decline in gross receipts or were closed due to government order and …
What’s New – Employee Retention Credit – 2020 Vs 2021 Comparison Chart Read More »
EMS FINANCIAL SOLUTIONS is a full-service accounting consulting firm for companies that are strategically ready to facilitate growth. The leadership team is highly specialized in a myriad of business growth skillsets. The company specializes in working with small to mid-sized businesses.