Don’t Miss Out on Work Opportunity Tax Credits for Your Business!
The Work Opportunity Tax Credit rewards your good deeds. And now, because of new legislation, the rules are in place for longer than usual. If you need to hire workers …
Insights and News
The IRS Announces Interest Rates Will Remain the Same for the Third Quarter of 2021
The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning July 1, 2021. The rates will be: 3% for overpayments (two (2) % …
Haven’t Filed Your Taxes Yet? There’s Still Time to Avoid Penalties and Interest!
The Internal Revenue Service reminds taxpayers who missed the recent tax-filing deadline who are due a refund that there is no penalty for filing late. Those who owe and missed …
Understanding the HQRP: Upcoming Webinar from CMS for Hospice Providers
CMS will be hosting a webinar on Wednesday, June 2, 2021 from 2:00 to 3:30 p.m. ET. The purpose of this training is to provide a general overview of the …
Where’s Your Tax Refund? Use this Tool from the IRS to Find Out!
The most convenient way to check on a tax refund is by using the Where’s My Refund? tool. Taxpayers can start checking their refund status within 24 hours after an e-filed …
Most Families Will Automatically Receive Monthly Payments of the New Refundable Child Tax Credit
The IRS and the U.S. Department of the Treasury announced today that the first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan …
IRS Begins Correcting Tax Returns for Unemployment Compensation Income Exclusion
From irs.gov: The Internal Revenue Service will begin issuing refunds this week to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted American Rescue Plan later excluded …
Home and Community Based Service Providers: More Medicaid Funding Heading Your Way
CMS is issuing guidance on how states can receive enhanced funding, provided through the American Rescue Plan Act of 2021 (ARP), to increase access to home and community based services …
Coronavirus Tax Relief: Dependent Care Assistance Programs for 2021 & 2022
The IRS issued guidance on the taxability of dependent care assistance programs for 2021 and 2022, clarifying that amounts attributable to carryovers or an extended period for incurring claims generally …
MassHealth Adult Daycare Providers: Important COVID-19 Updates!
MassHealth has posted two important bulletins for all Adult Daycare Providers in Massachusetts. The first bulletin, available here, describes COVID-19 related flexibilities for MassHealth providers of adult foster care/group adult …