What is the phone number for Hawkins Accounting And Tax Service in Charlotte NC?

You can reach them at: 704-509-2399. It’s best to call Hawkins Accounting And Tax Service during business hours.

What are Hawkins Accounting And Tax Service(Charlotte, NC) store hours?

Hawkins Accounting And Tax Service store hours are as follows: Mon-Fri: 10:00AM - 5:00PM, Sat-Sun: Closed.

Hawkins Accounting And Tax Service on university east drive, Charlotte, NC

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Hawkins Accounting And Tax Service - Some Friday tax knowledge for our friends and colleagues.

The House of Representatives passed a $2.2 trillion coronavirus stimulus plan on Thursday night, even while Democrats and the Trump administration struggle to strike a relief deal. CNBC.COM House passes $2.2 trillion Democratic coronavirus stimulus bill

The federal credit for the purchase and installation costs of a residential solar-power system is fading away and will no longer be available after 2021; plus, the credit itself is being reduced. HAWKINSTAX.NET Solar Tax Credit is Sunsetting Soon

This is how much the average amount Americans pay in federal income taxes, broken down by income level. BUSINESSINSIDER.COM The average amount Americans pay in federal income taxes, by income level

Wednesday Wisdom from your friends at Hawkins Accounting And Tax Service

The decision concerning whom you designate as the beneficiary of your traditional IRA is critically important and affects the minimum amounts you must withdraw from the IRA when you reach age 72, who will get what remains in the account after your death, and how that IRA balance can be paid out to beneficiaries. HAWKINSTAX.NET Keeping Your Designated IRA Beneficiary Current is Important

Less than 30 percent of all workers expect to be working in person by the start of 2021, according to a recent survey. THEHILL.COM Under 30 percent of workers expect to return in person by the new year: survey

Make your Monday great with this motivation from Hawkins Accounting And Tax Service

Need some inspiration? This "Survivors & Thrivers" list of small-business standouts amid the COVID-19 pandemic is sure to give you hope for our country's economic future. FORBES.COM Survivors & Thrivers

Weaker-than-expected job growth in September "sent a signal that the sharp economic recovery off the coronavirus shutdown may be hitting a wall." CNBC.COM 'Massively concerning' jobs report sends a signal that the economic recovery could be fading

The stimulus yo-yo continues in Washington. Here's the latest. CNBC.COM Pelosi, Mnuchin speak about broad stimulus bill as White House sends mixed signals

Some insider tax knowledge from Hawkins Accounting And Tax Service.

Restaurant owners: this article has some great ideas on tactics that have helped businesses like yours "stay open and even prosper during the industry's most challenging time." ENTREPRENEUR.COM 7 Things Restaurant Entrepreneurs Must Do to Survive and Thrive During the Great Pandemic Depression

According to a new report, "45% of small businesses have stated that they have earned less than half of their Pre-COVID revenue." SMALLBIZTRENDS.COM 45% of Small Businesses Have Earned Half or Less of Their Pre-COVID Revenue During Pandemic - Small Business Trends

The SBA issued new guidance last week allowing borrowers with PPP loans of $50,000 or less "to self-certify they used the money appropriately and receive complete forgiveness." FORBES.COM SBA Easing Forgiveness Of Paycheck Protection Program Loans Of $50,000 Or Less

Some insider tax knowledge from Hawkins Accounting And Tax Service.

Health insurance premiums, including Medicare parts B, C, and D; hospitalization; long-term care; and dental costs are all tax deductible, and are subject to AGI limitations if you itemize your deductions. If you are self-employed, including some partners, or a more-than-2% S corporation shareholder, you may be able to deduct the premiums without itemizing and without AGI limitations. HAWKINSTAX.NET There is More to Deducting Health Insurance than Meets the Eye

Calling all tax procrastinators: your time has come! The October 15th tax extension deadline is TOMORROW. Here's what will happen if you miss it. FASTCOMPANY.COM What happens if you miss the October 15 tax extension deadline?

News on a potential stimulus package changes constantly. Here's the latest on whether a package has any chance of passing Congress before the election. BLOOMBERG.COM Pelosi-Mnuchin Talks Drag, Likely Pushing Stimulus Past Election

The IRS is on a roll with catching wealthy Americans hiding money offshore. Learn more about the latest here. WSJ.COM The IRS Reels in a Whale of an Offshore Tax Cheat—and Goes for Another

HAWKINSTAX.NET www.hawkinstax.net

First, there was the usual April 15th deadline. Then, there was July 15th. If you filed for an extension, your deadline was October 15th - and now that date has come and gone. What happens now if you missed it? HAWKINSTAX.NET What Happens if I Missed the October 15th Tax Extension Deadline?

Hawkins Accounting And Tax Service has a fun tax fact to share with you.

Operating a SMB is hard work - and it's vital to know the financial health of your business at any time. Whether you're assembling your financial reports yourself or have hired professional help (like us), here are 12 metrics that can help you monitor your success. HAWKINSTAX.NET 12 Financial Metrics Small Business Owners Should Track

A new bill being considered in Congress would raise the age for RMDs and let workers who are repaying student loans "to get a company 401(k) match even if they're not saving in their workplace plan." CNBC.COM New retirement bill has perks for seniors, student loan borrowers

Hawkins Accounting And Tax Service has a fun tax fact to share with you.

A frequent question is whether inherited assets are taxable. Generally, they are not until they are sold, and then only to the extent that the sales price exceeds the fair market value of the asset at the time of the decedent's death. There are exceptions to this rule, such as traditional IRAs and other deferred untaxed income of the decedent. HAWKINSTAX.NET Is That Inheritance Taxable?

"Anticipated spending on holiday gifts is expected to drop significantly this year amid a retail slump due to the coronavirus pandemic," a Gallup poll found. THEHILL.COM Holiday spending estimates lowest in four years: poll

Wednesday Wisdom from your friends at Hawkins Accounting And Tax Service

An individual must have compensation in order to contribute to an IRA, unless the individual is a non-working or low-earning spouse who is allowed to contribute to his or her own IRA based upon the compensation of the working spouse. HAWKINSTAX.NET Don't Miss the Opportunity for a Spousal IRA

Many people are renting out their homes or vacation homes and are not aware of some special rules that apply to short-term rentals. Some of these rules can be beneficial, while others can be very detrimental. HAWKINSTAX.NET Renting Your Home or Vacation Home for Short Periods

The IRS has announced it is "expanding taxpayer options for making payments and alternatives to resolve balances owed" for those impacted by COVID-19. FORBES.COM IRS Will Expand Resolution Options To Help With Tax Bills During Covid

A little inspiration from Hawkins Accounting And Tax Service. Wednesday Wisdom

To cope with inflation, the tax code requires the IRS to adjust the tax rates, standard deductions, and a variety of other tax related numbers each year, which they recently released for 2021. HAWKINSTAX.NET IRS Releases Inflation Adjustments for 2021

After pausing due to COVID-19, the IRS has announced that it will resume issuing certain balance due notices - the 500 series - to taxpayers. FORBES.COM IRS Says It Will Resume Sending Out Balance Due Notices To Taxpayers

A little inspiration from Hawkins Accounting And Tax Service to start your week.

They might not be the "prettiest" animal, but camels are built to last. They evolved to be resilient and make the perfect metaphor for entrepreneurship in the current economy. Here's how to think like a camel for your business. ENTREPRENEUR.COM Consider the Camel: 3 Ways to Build a Resilient Business

November is National Entrepreneurship Month, and it's a great opportunity for business owners to celebrate and reflect on the past year. Here are four things to keep in mind. FORBES.COM 4 Things To Keep In Mind During National Entrepreneurship Month

Should working from home be taxed? According to this analysis, perhaps. Learn more: MARKETWATCH.COM Should working from home be taxed?

Hawkins Accounting And Tax Service has a fun tax fact to share with you.

The SBA U.S. Small Business Administration (SBA) has initiated a compliance program to evaluate the good-faith certification that borrowers made on their PPP Borrower Applications related to need for the loans due to economic uncertainty as a result of COVID-19. This program will apply to borrowers whose loans are $2 million or more. HAWKINSTAX.NET SBA Questioning PPP Borrowers with Loans Over $2 Million

The IRS is reminding qualified college students that it's not too late to register for a stimulus check, but the deadline - November 21st - is fast approaching. FORBES.COM IRS To College Students: It’s Not Too Late To Register For A Stimulus Check

It's no secret that taxes can take a big bite out of your paycheck. Here's a look at how much the average taxpayer brings home (post-tax) in each state. FINANCE.YAHOO.COM How Much You Take Home from the Average Salary in Each State

Did you receive an IRS CP2000 notice (also known as an underreporter inquiry) in the mail? First step: Contact our office. Second step: Don't panic. We'll help you through the whole process. HAWKINSTAX.NET What Happens if I Receive an IRS CP2000 Notice?

Businesses who need money now can take advantage of "very favorable rule changes on the treatment of net operating losses in the CARES Act." CNBC.COM Businesses can convert 2020’s red ink into cash with coronavirus tax breaks

Hawkins Accounting And Tax Service has a fun tax fact to share with you.

Many of us are still working from home these days. If you feel that it's hard to keep work and home life separate in these times, you aren't alone. Here are some ways to balance both and stay sane. ENTREPRENEUR.COM How to Keep Work and Home Life Separate as You Work Remotely

Terrence A. Hawkins EA November 19 at 1:30 PM · 7 Ways Small Businesses can Save on Their Taxes!!

It's Small Business Saturday, everyone! Here are 9 ways to support small businesses. Let's all get out there and do our part. NYTIMES.COM 9 Ways to Support Small Businesses

Some insider tax knowledge from Hawkins Accounting And Tax Service.

Are you a business owner? Entrepreneurs have unique options for tax-smart charitable giving this year. Here are 4 ways your donations can reduce your 2020 taxes. ENTREPRENEUR.COM 4 Ways Charitable Giving Can Help Reduce Your 2020 Taxes

Heads up, retailers: Only 14% of Americans say they plan to go shopping in brick-and-mortar stores for Black Friday, while 41% plan to shop online. What actually happens today remains to be seen. FASTCOMPANY.COM Skipping Black Friday sales because of COVID-19 this year? You’re not alone

A little inspiration from Hawkins Accounting And Tax Service. Wednesday Wisdom

Some folks have been tapping or suspending their retirement savings to make ends meet during this COVID-19 pandemic, and although understandable, it is important to resume savings as quickly as financially possible. Still others have simply been ignoring the need to save for their retirement, which can have an unpleasant result when it comes time to retire. Many tax-benefitting retirement options are available. HAWKINSTAX.NET Don't Fall Behind in Saving for Retirement

If you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are required to issue each of them a Form 1099-NEC after the end of the year to avoid facing the loss of the deduction for their labor and expenses. HAWKINSTAX.NET Your Annual Reminder to File Worker 1099s

Here are 7 motivational quotes from Tony Hsieh, the man behind Zappos who tragically passed away last weekend. Hsieh helped turn the Zappos shoe empire into a billion dollar business. ENTREPRENEUR.COM 7 motivational quotes from the recently deceased CEO of Zappos, Tony Hsieh

It matters how you get there. Wednesday Wisdom from Hawkins Accounting And Tax Service

The holiday season is customarily a time to give gifts, whether to your favorite charity, family members or others. Some gifts even provide a variety of tax benefits but be on the lookout for holiday gift-giving scammers. HAWKINSTAX.NET Year-End Gift Giving with Tax Benefits

86% of small business owners say they have not received state or local aid to help their business survive the COVID-19 crisis. Are you one of them? SMALLBIZTRENDS.COM Lack of State and Local Aid Frustrates Small Business Owners Nationwide - Small Business Trends

Hawkins Accounting And Tax Service - Some Monday Motivation for our friends and colleagues.

If you sold your home this year or might do so in the near future, you should be aware of the many tax-related issues that could apply to that sale so that you will be prepared at tax time and not have to deal with unpleasant surprises. HAWKINSTAX.NET Sold or Thinking of Selling Your Home?

Gambling is a recreational activity enjoyed by individuals. Nevertheless, there are far more tax issues related to gambling than you might expect. Watch this video for a quick overview.

eBay has launched the Up & Running Grants, a program providing 50 merchants with a package of $8,000 in cash and $2,000 worth of eBay credits for a total of $10,000 in financial support. YAHOO.COM eBay Is Offering $500,000 in Grants to Small Businesses as COVID-19 Resurgence Threatens Retail

Wednesday Wisdom from your friends at Hawkins Accounting And Tax Service

It seems hard to believe, but the holiday season is almost upon us, and that means that the tax preparation season for 2020 returns will soon follow. With the end of the tax year just weeks away, it may be appropriate (especially this year, in light of the financial havoc created by COVID-19) to review some year-end tax issues that might reduce your tax bite for 2020 or provide long-term tax benefits. HAWKINSTAX.NET Tax Issues to Be Aware of as Year-end Approaches

According to the American Institute of CPAs, 45% of workers don't know this vital piece of information regarding their taxes. FOOL.COM 45% of Americans Are Missing This Important Tax Information | The Motley Fool

Some Wednesday Wisdom from your friends at Charlotte based Hawkins Accounting And Tax Service

The economic impact payments are a credit on your 2020 tax return. However, Congress mandated that the payments be made in advance, based on the prior year's tax return information, to provide financial assistance to individuals and families struggling during the initial outbreak of COVID-19. Needless to say, this created confusion as to who qualified for the payments, leading to errors and omissions. HAWKINSTAX.NET Didn't Get Your Economic Impact Payment? You Can Claim It on Your 2020 Return.

The 7(a) loan program is the SBA's primary method of assisting small businesses in the U.S. Here's a full breakdown the different types of 7(a) loans and how you can qualify for one. THEBALANCESMB.COM What Is an SBA 7(a) Loan?

Looking for a sign? Here's your Monday Motivation from Charlotte based Hawkins Accounting And Tax Service

Americans are starting new businesses at a record pace, surpassing the figure from 2019's total by mid-October of this year. SMALLBIZTRENDS.COM Americans Starting New Businesses at Record Pace - Small Business Trends

For low- and moderate-income workers, the saver's credit can be used to offset part of the first $2,000 workers can voluntarily contribute to an IRA or their employer's qualified retirement plan. It helps individuals who don't normally have the resources to set money aside for retirement and is available in addition to the other tax benefits associated with retirement plan contributions. HAWKINSTAX.NET Saver's Credit Can Help You Save for Retirement

This is our annual reminder for you to file worker 1099s if you use workers other than employees to perform services for your business. HAWKINSTAX.NET Video: Annual Reminder to File Your Worker 1099s

Congress has reached an agreement on an emergency coronavirus relief bill which provides additional stimulus payments, extends unemployment benefits and provides another round of forgivable PPP Loans for small businesses. HAWKINSTAX.NET Help Is on the Way - Emergency Coronavirus Relief Agreement Reached

High-income non-filers, be warned - this quote recently came from the IRS: "Our pursuit of these high-income non-filers provides an important service and shows respect to the majority of Americans who pay their taxes." FORBES.COM IRS Doubles Down On Pursuing High-Income Non-Filers

Set yourself up for success with Monday Motivation from Hawkins Accounting And Tax Service

This is our annual reminder for you to file worker 1099s if you use workers other than employees to perform services for your business. Furthermore, there are some significant changes that you should know about this year.

The IRS has released the standard mileage rates for 2021, and one of the biggest differences is a drop in the per mile rate for business use from last year. FORBES.COM IRS Releases 2021 Mileage Rates

After several months of the Republicans and Democrats bickering, they have finally passed COVID-related tax relief and the President has signed the bill. HAWKINSTAX.NET Finally, The COVID Relief Package Is Law

Get ready for the week: Hawkins Accounting And Tax Service has motivation for your Monday.

The pandemic is forcing older workers to retire early. For those who have lost their jobs this year, "the state of the labor market makes it harder to get rehired as the economy recovers." US.CNN.COM The pandemic is forcing older workers to retire early

We all know the year 2020 presented the world with a number of challenges in the entrepreneurial space. The following are the 15 things to avoid as an entrepreneur in the year 2021. ENTREPRENEUR.COM 15 Things Not to Do as an Entrepreneur in 2021

A holiday gift for millions of Americans with high healthcare costs, especially seniors: new legislation permanently lowers the threshold for claiming the medical expense deduction to 7.5%. FORBES.COM Medical Expense Deduction Tax Relief Is Big Win For Seniors In Year-End Spending Package

At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? The answer will be critical come tax time. Link via MONEY.YAHOO.COM IRS is ‘setting the trap’ for bitcoin and virtual currency investors on 2020 tax form

Off stats - New Year's Eve parties may be out this year, but if your festivities still include popping a bottle of bubbly, the champagne you toast with will be taxed. Learn how much via TAXFOUNDATION.ORG New Year's Eve and Taxes: Champagne Taxes in Your State

Wednesday Wisdom and Hawkins Accounting And Tax Service = Success

Covid payments on the way. Individuals who made up to $75,000 in 2019 will get up to $600. Married couples who earned up to $150,000 will get up to $1,200. NBCNEWS.COM Treasury Secretary Mnuchin says $600 Covid payments start going out Tuesday night

News from the IRS: Processing Delays for Paper Tax Returns We continue to process electronic and paper tax returns, issue refunds, and accept payments. We’re experiencing delays in processing paper tax returns due to limited staffing. If you already filed a paper return, we will process it in the order we received it. Do not file a second tax return or call the IRS.

Many individuals are taking advantage of the historically low home-loan interest rates to buy their first home, sell their existing home to move up to a more expensive one, or refinance their existing mortgage. Some who currently own their homes free and clear are even taking out loans to lock in the low interest rates. HAWKINSTAX.NET What Are the Tax Advantages of Home Ownership?

Millions of stimulus checks have been deposited in incorrect customer accounts due to an IRS error. Here's the full story. REUTERS.COM Error puts millions of U.S. stimulus payments in wrong accounts -TurboTax

In distributing the second round of Economic Impact Payments (EIP) the IRS sent EIP payments to Refund Transfer banks again in error, including Santa Barbara TPG - the bank we use. TPG has issued payments directly to taxpayers who have an established bank account on file with TPG. If you chose to have your 2020 tax refund disbursed by direct deposit to an existing bank account or funded to a Walmart MoneyCard, you will have your EIP payment directed to that account as early as Monday January 11th. Clients who received their disbursement on a cashier’s check can claim their EIP on their 2020 return using the Rebate Recovery Credit as directed by the IRS. • Your tax professional does not have your Economic Impact Payment • Your tax professional does not have any visibility into the status, amount, or timing of Economic Impact Payments • For additional information about stimulus payments, including, eligibility, payment timing and distribution details, the IRS urges people to visit the IRS website for the most up-to-date information.

For those who love learning: here's a tax fact from Hawkins Accounting And Tax Service.

Great news for 2021 and 2022 only. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 allows businesses to deduct 100%, instead of just 50%, of business meal expenses meeting certain requirements. HAWKINSTAX.NET Increased Business Meal Deductions for 2021 and 2022

Are you planning to buy your first home, upgrade from your existing one, or refinance your mortgage? Let's take a look at some tax advantages and drawbacks of homeownership.

As stimulus checks start to arrive in the bank accounts of American taxpayers, some people are wondering how these payments affect their taxes. FOOL.COM Are Stimulus Checks Taxable? | The Motley Fool

Congress has authorized a second PPP loan draw but has generally limited the applicability to small businesses with 300 employees or fewer that suffered a 25% or more reduction in gross revenue during any quarter in 2020. HAWKINSTAX.NET Congress Has Authorized a Second Round of PPP Loans

By law, the IRS has until this Friday, January 15, to distribute the second round of stimulus checks - but mailed payments could take weeks. FASTCOMPANY.COM IRS stimulus check update: What to know about mailed payments and the Friday deadline

Wednesday Wisdom and Hawkins Accounting And Tax Service = Success

The recent COVID-related tax relief legislation, passed late in December, extends and enhances deductions for cash charitable contributions. HAWKINSTAX.NET Charitable Contributions Deduction Liberalized for 2021

A good goal to strive for: Make 2021 the year you stop living from paycheck to paycheck. FOOL.COM How to Stop Living Paycheck to Paycheck in 2021

Hawkins Accounting And Tax Service - Some Monday Motivation for our friends and colleagues.

State death tax hikes may be looming as states address budget woes due to the pandemic. Here's where those increases may be the largest. FORBES.COM State Death Tax Hikes Loom: Where Not To Die In 2021

Get inspired. Some Wednesday Wisdom from Charlotte based Hawkins Accounting And Tax Service

President-Elect Biden released his "American Rescue Plan" on January 14. It is a wish list of proposals he wants Congress to enact to address the COVID-19 pandemic and associated economic crisis. HAWKINSTAX.NET How Biden's Rescue Plan Might Impact Your Taxes

Looking for a sign? Here's your Monday Motivation from Charlotte based Hawkins Accounting And Tax Service

Congress has authorized a second draw for PPP loans. Watch this video for a short overview of what you can expect.

Attention small business owners: The SBA has extended the Economic Injury Disaster Loan (EIDL) application deadline through the end of 2021. SMALLBIZTRENDS.COM SBA Extends EIDL Loan Application Deadline Thru End of 2021

PPP loans, payroll tax deferrals, the CARES Act, remote work - all of these are major topics to keep in mind as you file your 2020 business tax return. Here's a full breakdown. HAWKINSTAX.NET 4 Questions Business Owners Should Consider During the 2020 Tax Season

It's tax time, and if you are like most taxpayers, you are probably facing the ominous chore of compiling records in preparation for your tax return. The task is never easy, but the effort usually pays off in the extra taxes you save! When you are fully prepared for your appointment, you'll have more time to explore additional deductions and consider a tax plan for the future. HAWKINSTAX.NET Tax Time is Around the Corner! Are You Ready?

Hawkins Accounting And Tax Service has the motivation you need to get going this Monday.

Acorns CEO and four-time entrepreneur Noah Kerner offers 17 lessons on leadership in this piece. Learn more: ENTREPRENEUR.COM 17 Leadership Lessons from Acorns CEO Noah Kerner

December's COVID Tax Relief Act provided more than extended unemployment relief and stimulus payments. See a summary of the benefits and if any of them applies to you.

Social Security gives you flexibility on when you sign up. Should you file for benefits at age 62, 70, or somewhere in between? FOOL.COM Is Claiming Social Security at 70 a Mistake? | The Motley Fool

Looking to be inspired as a business owner in 2021? Here are 11 books for entrepreneurs to read (or reread) this year. ENTREPRENEUR.COM 11 Business Books Entrepreneurs Must Reread in 2021

Hawkins Accounting And Tax Service - Some Monday Motivation for our friends and colleagues.

"Millions of Americans tapped 401(k) and IRA balances to access emergency cash amid the Covid pandemic, as allowed under the federal CARES Act." Here are the tax issues to consider if you were one of them. CNBC.COM Here are tax issues to consider if you tapped retirement account to weather 2020

Here are the business tax due dates for February 2021. HAWKINSTAX.NET February 2021 Business Due Dates

Here's a chart to help you guess when you'll receive your tax refund based on when the IRS accepts your return. FORBES.COM Tax Refund Chart Can Help You Guess When You’ll Receive Your Money In 2021

Restaurants tried their best to be nimble in the face of the COVID-19 pandemic, but 6 years of growth were wiped away as 110,000 establishments closed temporarily or permanently. CNBC.COM Restaurants staged nimble responses to Covid's blows in 2020, but 6 years of growth were wiped away

10,000 stores are set to close in 2021 - a new record - as COVID-19 continues to "pummel" retailers. CNBC.COM 10,000 stores are expected to close in 2021, as pandemic continues to pummel retailers

A feel-good entrepreneurial success story for your Friday: Here's how Bianca Robinson transformed her business and helped her customers generate more than $2 million in revenue. FORBES.COM How This Entrepreneur Digitally Transformed Her Business And Helped Her Customers Generate $2.1M In Revenue

Some insider tax knowledge from Hawkins Accounting And Tax Service.

Although day trading is neither illegal nor unethical, it can be highly risky. Most individual investors do not have the wealth, time, or temperament to make money or sustain the losses that day trading can bring. Satisfying the rules that permit special tax treatment for day traders is difficult. HAWKINSTAX.NET Day Trader Rules and Tax Treatment

A new study by Visa "reveals 82% of small business owners are shifting toward digital payments in response to the pandemic." Are you one of them? SMALLBIZTRENDS.COM 82% of Small Business Owners Ready for Digital Payments

It matters how you get there. Wednesday Wisdom from Hawkins Accounting And Tax Service

Oops - The IRS mistakenly mailed CP21C letters to more than 109,000 taxpayers, saying that their economic stimulus payment is being withheld to cover 2007 taxes. FORBES.COM IRS Mistakenly Tells 109,000 Taxpayers It Held Back Stimulus Payments To Offset 2007 Taxes

Just in case you were hoping to have more time to get your taxes together like in 2020 - don't count on it. The IRS said Thursday it has no plans to extend the standard filing deadline of April 15. CNBC.COM IRS says there are no plans to extend tax-filing deadline beyond April 15

Here is a fun fact for your Friday from Hawkins Accounting And Tax Service.

The Employee Retention Credit has been extended through June 30, 2021, and significantly liberalized. HAWKINSTAX.NET Employee Retention Credit Extended

Talk about taking a risk! These people decided to open new restaurants during the pandemic. Here are their stories. US.CNN.COM The pandemic has devastated restaurants. These people are opening new ones anyway

Here is some midweek Wednesday Wisdom inspiration from your friends at Hawkins Accounting And Tax Service

Here is a fun fact for your Friday from Hawkins Accounting And Tax Service.

Some good news for those struggling to pay the bills during COVID-19: "The White House on Monday announced a program to extend mortgage relief and a moratorium on home foreclosures through June." THEHILL.COM Biden extending mortgage relief, moratorium on foreclosures through June

Here are the March 2021 Business due date reminders: HAWKINSTAX.NET March 2021 Business Due Dates

Most taxpayers think they have to itemize their deductions to claim them on their tax returns. However, that is not entirely true. There are certain deductions that can be claimed while still using the standard deduction. HAWKINSTAX.NET Tax Deductions Without Itemizing

Here are the March 2021 individual tax due dates: HAWKINSTAX.NET March 2021 Individual Due Dates

The COVID-19 pandemic has continued to batter the economy, and one indicator of the struggle is the potential mortgage crisis: About 5 million Americans were unable to make their rent or mortgage payments in December 2020. Here's the latest info. HAWKINSTAX.NET The Number of Americans Who Didn't Pay Their Mortgage Hit 5% in December 2020

Thinking about making a career change? You aren't alone. According to a recent poll, 59% of middle-income workers said they're thinking about changing jobs. FASTCOMPANY.COM Is now a good time to change careers? More workers are feeling good about it

Get inspired. Some Wednesday Wisdom from Charlotte based Hawkins Accounting And Tax Service

Money raised from online crowdfunding sites for purposes other than business is generally treated as a nontaxable gift if the contribution is made with detached generosity, but this can raise some unexpected gift tax issues. Raising money for business endeavors is generally governed by the U.S. Securities and Exchange Commission Rules, and the tax issues depend on what the contributor receives in return. HAWKINSTAX.NET Tax Consequences of Crowdfunding

The Paycheck Protection Program attracted a few bad apples, with $341 million in attempted fraud through January 2021. Here's what we know. SMALLBIZTRENDS.COM $341 Million in PPP Fraud So Far, and Counting

Hawkins Accounting And Tax Service - Some Monday Motivation for our friends and colleagues.

Congress put a halt on the RMD for the traditional IRA in 2020 in response to the Pandemic. However, the RMD will be resumed in 2021 and subsequent years.

Here's some Monday Motivation for you: Take inspiration from these 11 founders "who trusted their gut and reaped the benefits." ENTREPRENEUR.COM 11 Entrepreneurs Who Broke All the Rules-and Achieved Great Success

Start your week on the right foot with Monday Motivation from Hawkins Accounting And Tax Service

According to the National Retail Federation, US retail sales are set to rise 6.5% to 8.2% in 2021, as the "Covid vaccine triggers fastest growth in over two decades." CNBC.COM U.S. retail sales to rise 6.5% to 8.2% in 2021, as Covid vaccine triggers fastest economic growth in over two decades, NRF says

Wondering if your state is taxing forgiven PPP loans? This map breaks it all down. TAXFOUNDATION.ORG Which States Are Taxing Forgiven PPP Loans?

Congress came up with a special way to calculate the EITC and the child tax credit for 2020 that may be very beneficial for taxpayers whose income from working declined in 2020. HAWKINSTAX.NET Special Rules Apply to 2020 EITC and Child Credit

Attention gig workers - Do you know all there is to know about this key tax form? Here's a breakdown of the 1099-NEC. FORBES.COM What Gig Workers Need To Know About A Key Tax Form

Wondering if your state is taxing forgiven PPP loans? This map breaks it all down. TAXFOUNDATION.ORG Which States Are Taxing Forgiven PPP Loans?

Attention gig workers - Do you know all there is to know about this key tax form? Here's a breakdown of the 1099-NEC. FORBES.COM What Gig Workers Need To Know About A Key Tax Form

Start your week on the right foot with Monday Motivation from Hawkins Accounting And Tax Service

Wondering if your state is taxing forgiven PPP loans? This map breaks it all down. TAXFOUNDATION.ORG Which States Are Taxing Forgiven PPP Loans?

Attention gig workers - Do you know all there is to know about this key tax form? Here's a breakdown of the 1099-NEC. FORBES.COM What Gig Workers Need To Know About A Key Tax Form

CNN.COM IRS plans to delay this year's tax filing deadline to mid-May, official says

https://www.cnn.com/2021/03/17/politics/irs-filing-deadline-may-15/index.html CNN.COM IRS plans to delay this year's tax filing deadline to mid-May, official says

Start your week on the right foot with Monday Motivation from Hawkins Accounting And Tax Service

Wondering if your state is taxing forgiven PPP loans? This map breaks it all down. TAXFOUNDATION.ORG Which States Are Taxing Forgiven PPP Loans?

https://www.washingtonpost.com/business/2021/03/12/irs-tax-refund-delays/ WASHINGTONPOST.COM The IRS is behind in processing nearly 7 million tax returns, slowing refunds as it implements new stimulus

CNN.COM IRS plans to delay this year's tax filing deadline to mid-May, official says

https://www.cnn.com/2021/03/17/politics/irs-filing-deadline-may-15/index.html CNN.COM IRS plans to delay this year's tax filing deadline to mid-May, official says

Start your week on the right foot with Monday Motivation from Hawkins Accounting And Tax Service

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