The Economic Aid Act, included in the 2021 Appropriations Act, passed Congress on December 21, 2020, and was signed into law on December 27. Among several other economic assistance provisions, the bill expanded the Paycheck Protection Program (“PPP”) to include second draw loans for hard-hit small businesses. Be sure to contact Ross & Moncure if…
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Extreme Delays at the IRS
We have received many client phone calls and emails wondering about outdated notices from the IRS, missing refunds and missing stimulus payments. IRS Operations are now focused on keeping mission-critical functions going. They are open and processing mail, tax returns, payments, refunds and correspondence; however, COVID-19 continues to cause delays. Please expect delays in the…
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Life Beyond Numbers Expo
Please join us at this year’s Life Beyond Numbers Expo! This event is geared at retirees vetting vendors in the following fields: accounting and taxation, assisted living, interior design, high-end travel, health and wellness, etc. Details below. Friday, October 4th Exhibit Hall open from: 9:30 AM – 2:00 PM Breakout Sessions at: 10:30 AM, 11:15 AM, 12:00 PM,…
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Inflation Reduction Act Allocates $79.6 billion to the IRS
The Inflation Reduction Act allocates $79.6 billion to the agency over the next 10 years. More than half of the money is meant for enforcement. The remainder of the funding is earmarked for operations, taxpayer services, technology, development of a direct free e-file system. Collectively, those improvements are projected to bring in $203.7 billion in…
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The Inflation Reduction Act Is Here!
We will be organizing seminars and webinars on the Inflation Reduction Act (IRA) throughout the fall. Some resources can be found here: The White House Congress.Gov IRS Statement by IRS Commissioner Chuck Rettig on the Inflation Reduction Act can be found below: “The signing of the historic reconciliation package marks a transformational moment for our…
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IRS Tax Tips Page A Great Source of Information
Taxpayers can access excellent general information at: https://www.irs.gov/newsroom/irs-tax-tips. Some recent articles are below, and you can set-up e-mail delivery as articles are published. Businesses can make excise taxes easier by filing and paying electronically Tax Tip 2022-129, August 23, 2022 — The IRS encourages taxpayers who file federal excise taxes to file and pay electronically….
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2018 Year-End Planning
As the holiday season begins and another year comes to a close, we want to invite you to a timely workshop to help ensure your financial planning and tax ducks are in a row before the end of the year. We have teamed up with Campbell Wealth Management to educate our clients and their guests…
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Identity Theft
We cannot emphasize enough the trouble and headaches that identity theft can cause. Please find an excellent article here, published via the American Institute of CPAs.
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Income Planning Workshop: Social Security and Tax Planning Under New Legislation
May 1st, 2016 and January 1, 2018 are significant dates for anyone depending on retirement income. In this workshop, we will cover fundamentals that seek to maximize income under the new Social Security rules and the Tax Cuts and Jobs Act. A morning event and an evening event are offered: Morning Event – 26 April…
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Join us as we examine the financial planning and tax strategies arising from the TCJA Hosted by a panel of CPAs from Capital Asset Management Group and Ross & Moncure Inc., this workshop will help you understand and implement the tax strategies that matter most to families and individuals. When: Wednesday, January 24th at 6:30…
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