Integrity Tax and Small Business Solutions

01/06/2023

Employment Tip - Employers cannot charge minimum wage employees for their uniforms. This causes their compensation to be below the minimum wage.

01/29/2022

So far there is no tax break for unemployment recipients for 2021. For 2020 there was a 10,200 break for most taxpayers who received unemployment (subject to income limits). We will keep you updated if anything changes.

01/12/2022

The treasury has been sending letters for those taxpayers who received advance child tax credits. We will need those letters that show the amounts when we do your taxes as well as the amount you received for the 2021 stimulus payments which was the third stimulus payment. The advance child tax credits were paid monthly for the second half of 2021 and the third stimulus payments started in March 2021.

06/23/2021

If you receive advance child tax credit payments we will need to know the amounts you received when we do your taxes. The IRS is sending out letters to taxpayers in January 2022 with those amounts, but we recommend keeping track of the amounts you receive just in case you do not receive the letter or do not agree with the amount on the letter. Payments should start next month. Remember these are advance payments and will reduce the size of your refund or could even cause you to owe. You can opt out of these advance payments. I posted a link for how to opt out yesterday if you choose to do so.

06/23/2021

Below is a portal to opt out of the advance child tax credit payments if you would like to opt out.

View your eligibility and unenroll from advance payments of the Child Tax Credit.

03/08/2021

New For 2020 - If you donated to a 501c3 charity in 2020 and you do not itemize your deductions you can still write off up to $300 in charitable contributions in 2020.

03/06/2021

The new stimulus bill has an amendment making $10,200 of unemployment not taxable on federal taxes for 2020. Looks like there may be an income limit but it still has to be completed before we will know exactly how they reconcile it with the house bill. A lot of people have already filed so if you already filed and received unemployment in 2020 you may want to amend later and get some money back. I will update when we know the income limits and if it makes it through reconciliation.

10/15/2020

Very excited to be wrapping up Tax Season 2019! We want to say a big special thank you to all our clients who trust us with all your tax and accounting needs. Grateful and Humbled! Just want you to know how much we appreciate you!

09/27/2020

If you have not yet filed your taxes and think you are entitled to a stimulus check and have not yet received one please read this article.

I cover careers, professional advancement and leadership development. The IRS urges you to sign up by October 15 to claim your stimulus check. Last week, September 17, the IRS issued a news release urging nearly nine million people to sign up to receive the $1,200 stimulus check. This letter, which....

07/04/2020

This is an important article for anyone who is both on unemployment and getting health insurance through the exchange at the same time.

Millions of Americans have lost their jobs in the wake of COVID-19, and for some, that means a loss of health insurance, as well as a paycheck. But not everyone gets health insurance through work. Some people get their insurance through the healthcare exchange, and under the Affordable Care Act, man...

04/22/2020

You can use this portal to check on the status of your stimulus payment if you have not yet received it. Don’t not be surprised if the information says not yet available for your account. This is common. It is updated once a day so check back daily.

Use Get My Payment to get information about your payment status and payment type.

04/07/2020