2 results for tag: Interest Rates


Claim Your Missed 2021 COVID Sick and Family Leave Credits Today

Did you or your corporation claim the 2021 sick and family leave credits? If not, you can do it now with an amended return(s). Also, if you didn’t claim the 2021 credits, it’s likely you did not claim the 2020 credits. If that’s the case, it’s possible that you could claim all 2020 and 2021 available credits of up to $32,220 on your 2021 tax return(s). You read that right: with at least $143,866 of 2021 net profits on Schedule C, or with the equivalent in W-2 wages from your corporation, you could qualify for up to $32,220 in refundable tax credits, as follows: Up to $15,110 under the 2020 rules, and Up to $17,110 under the 2021 ...

Consumer Spending Hits a 6-Year High

As savings decline and consumer debt increases, the likelihood of future reductions in consumer demand will send shockwaves through the business economy as production will shrink, employment will decline, and recessionary impacts will further reduce consumer confidence. This will impact construction spending and manufacturing investments leading to a downward cycle until we hit a solid core and time allows an economic healing. Looking ahead, we believe the Tax Cuts and Jobs Act will certainly modify people’s behaviors as companies determine how their revised cash flows will provide options. Ultimately tax cuts drive three behaviors. Compan...