Boyer 2 Accountants Inc. Blog

Topics & tips about accounting, taxes, business, personal finance, and more!
Working Remotely Tax Implications

Did You Work Remotely in 2020?

Did you work remotely in 2020? Have you received a notice asking to verify your residency status & personal income allocation from the NY Tax & Finance Department?

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The Latest on The Unemployment Tax Credit

By now, you’ve heard about the tax break on unemployment compensation that was apart of President Biden’s $1.9 trillion American Rescue Plan (ARP). With the 1st $10,200 of unemployment benefits becoming tax free for some filers under the ARP many were left wondering if they would have to file an amended return if they already

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Text reads "$1,400 stimulus check eligibility"
Corporate Tax

What You Need to Know About The Latest Stimulus Check

The headliner of the ARP is the 3rd round of stimulus checks. The IRS uses your most recent tax return to determine your eligibility. So, depending on when you most recently filed your taxes, the IRS will most likely be using 2019 or 2020. You will receive the full $1,400 stimulus check if you meet the following conditions:

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Corporate Tax

Is October 31, 2020 the deadline to apply for PPP Loan Forgiveness?

The top right corner of the PPP Loan Forgiveness Applications is misleading. The document lists October 31, 2020 as the “Expiration Date”. Many borrowers are led to believe the application is due October 31, 2020. Well, the good news is there is no need to worry and rush to get this submitted by the end

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