Tools to help you make decisions. Article credit to National Association of Tax Professionals Advance Child Tax Credit Payment Online...

Haven't received your refund? You're not alone. May 28, 2021 Excerpt courtesy of IRS.gov The IRS is now opening...

Excerpt courtesy of RIPFLI Gregory Butler, CPA As noted above, the ERC was set to expire on December 30, 2020. The CAA extended the...

Courtesy of IRS The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the...

Courtesy of Forbes January 13, 2021 Rohit Arora Round 2 of the SBA’s Paycheck Protection Program (PPP) opened on Monday, Jan. 11,...

Courtesy of U.S. Department of Labor Families First Coronavirus Response Act: Employer Paid Leave Requirements The Families First...

1) Charitable Deduction - $300 without using Schedule A to itemize 2) Schedule A – close to itemizing – bunch every other year a....

*Pay final bills and postmark by 12/31/2020 *Newly purchased business equipment must be placed in service by 12/31/2020 to be deductible...

Courtesy of Forbes December 11, 2020 Kelly Phillips Erb The Internal Revenue Service (IRS) has released the...

Picture it: I’m standing on the beach, enjoying my first annual spring break girls’ weekend with my sister and cousin. I’m happy. I’m...

The Treasury Department and SBA released a simplified application for forgiveness of the Payroll Protection Program loans.

The US Small Business Administration released guidance Wednesday clarifying that lenders must recognize the previously established extended

The IRS released guidance on the Presidential Memorandum regarding employees’ share of social security taxes.

Up to 9 million people who didn’t file a 2018 or 2019 income tax return will be receiving IRS letters explaining how they can claim...

SBA released an interim final rule Monday regarding owner-employees who own less than 5% in a corporation and non-payroll expenses...

Don’t have a tax-time surprise – Withhold income tax on unemployment compensation. It’s TAXABLE!!

When it comes to the ins and outs of taxes, accounting and finance, however, it never hurts to have an experienced professional ...

Are you a small business owner? Would you like to pay less tax (who doesn’t 😊)? This article outlines a few options that might work for you

In most cases, the amount of charitable cash contributions taxpayers can deduct on Schedule A as an itemized deduction is limited to a perce

Schoelles and Associates has been in business for 44 years and has been a member of the Madison County Chamber of Commerce for over 15 years