Extensions of the Employee Retention Tax Credit in 2021
The Consolidated Appropriations Act, 2021 (the Act), which was signed into law in late December of 2020, created more opportunities for using the Employee Retention Tax Credit (ERC). Originally a provision of the Coronavirus Aid, Relief and Economic Se …
Brammer & Yeend’s COVID-19 UPDATE
Effective June 1, 2020 we will open our doors and be open for business. We ask clients to continue to use caution and if they have any Covid-19 symptoms (Fever, cough, shortness of breath, etc.) to refrain coming in to the office and we will make other arrangements for you to drop-off or pick-up your information.
Economic Impact Payments
Many of you are interested in the status and timing of the economic impact payments so below you will find a link to the IRS’ website where they highlight and provide additional information about the payment’s status.
Filing Deadline Extended
Both the filing and payment deadlines for the 2019 tax year have been extended from April 15, 2020 to July 15, 2020.
Click the link below to see more about the updated deadlines as well as more information on Unemployment Insurance Basics and the FFCRA bill signed into law.
PPP Loan Forgiveness
The SBA has released the long-awaited loan forgiveness guidance and a Loan Forgiveness Application that Paycheck Protection Program borrowers will submit to their lenders.
Here is what we learned:
Central Indiana CPA Firm
Your Business. Your Family. Our Priority.
A company owners’ potential for personal financial security depends on the success of the business. Our commitment and responsibility is to help you business run smoothly and to help you achieve your personal financial goals. Whether you are a business or an individual, our specialized staff will provide you with assistance in all your tax, reporting, financial and business affairs!
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Brammer & Yeend is an independently owned and operated member firm of CPAConnect, an alliance of CPAmerica, Inc.
Financial information and reporting should not be a diversion for business owners, instead, financial information should be accurate, available, and insightful. We leverage experience and technology to provide business owners with dynamic resources and management tools.
Our personal services are designed to help busy, successful families manage their finances and grow their wealth with confidence and peace of mind. We do this by working together with our business solutions, allowing us to partner with clients and coordinate business and personal planning in order to meet their most important goals.
Our Core Industries
We strive to provide excellent service and solutions that fit our client’s specific needs and are industry appropriate. Our experienced CPAs have worked with clients in a variety of industries and understand the intricacies of each and apply the best solution possible. Over the years we have serviced clients in industries including agribusiness, retail, construction, manufacturing, food & beverage and many more. Below are some of our industries where we have specialized experience and expertise.
The Consolidated Appropriations Act, 2021 (the Act), which was signed into law in late December of 2020, created more opportunities for using the Employee Retention Tax Credit (ERC). Originally a provision of the Coronavirus Aid, Relief and Economic Security Act...
On December 27, 2020, Congress passed a second Covid-19 relief bill called the Consolidated Appropriations Act, 2021 (the Act). Included in the Act is the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which includes several extensions relevant to individual...
The Consolidated Appropriations Act, 2021 (Act) was passed by Congress on December 21, 2020, and signed by President Trump on December 27, 2020, granting further Covid-19 relief. This article highlights some of the tax changes and extenders that will be of interest to...
With retirement comes the challenge of stretching out your savings for the rest of your life, so it’s more important than ever to take advantage of every available tax break. Surprisingly, there are some tax breaks for seniors that are often missed simply because they...
A group of 10 centrist lawmakers recently unveiled an approximately $908 billion economic relief plan, which has brought life back into stalled talks centered around pandemic relief packages. A second stimulus check, funding for state and local budgets, as well as...
With just a couple of weeks left in 2020, time is running out to take proactive steps to lower your 2020 tax bill. Even if you plan to file an extension, most tax-saving moves need to be made before Jan. 1, 2021. Here are some last-minute tax strategies small business...
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Shelbyville, IN, 46176