Breaking News: The Internal Revenue Service (IRS) said Wednesday that the 2021 Federal tax-filing deadline would be extended from April 15 to May 17. With the challenges of the pandemic, and the multiple COVID relief bills, an extra month is being provided to help taxpayers have the time necessary to file an accurate tax return…. Continue Reading
Archives for 2021
New Flexibility for Health FSAs and Dependent Care Assistance
February 18, 2021: NEW! Flexibility for health FSAs and dependent care assistance programs for your business! Due to the Coronavirus pandemic, the IRS announced that they will be introducing new flexibility. Notice 2021-15 responds to unanticipated changes in the availability of certain medical care and dependent care. Due to COVID-19 and the inability to find… Continue Reading
Tax, Payroll, and Compliance Deadlines 2021
For the latest information that you need to be aware of to avoid potential penalties, our experts at Christianson PLLP have assembled an exhaustive list of tax, payroll, and, compliance deadlines for this calendar year. Tax Deadlines Farmer and Fisherman income tax returns: Anyone with income from a farming or fishing business can avoid making any… Continue Reading
SBA Announces PPP Requirement Change to Help Underserved Borrowers
Wednesday, February 24, 2021: Does your small business need a PPP loan? The SBA has announced that there is now a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. Small businesses have dedicated time to work with their lenders and community partners to submit their applications, while also… Continue Reading
1099-G Scammers Are Out Again – Are You Safe From Tax Fraud?
It’s tax time! This means it’s time to meet with your tax preparer, but it also means that scammers are on the prowl and at Christianson, we want to give you the information you need to protect yourself. According to the Minnesota Department of Revenue, scammers have started filing fraudulent claims for unemployment compensation using stolen… Continue Reading
QAFVR and Electric Vehicle Charging Stations
If you are in the business of selling fuels, transportation infrastructure, or use fuel, you may qualify for another benefit. In mid-January, the IRS announced that The Taxpayer Certainty and Disaster Tax Relief Act of 2020 extended the alternative fuel vehicle refueling property credit to cover refueling property placed in service in 2021. It was… Continue Reading
