by Matt Davis | Mar 18, 2021 | Blog
The Treasury Department and Internal Revenue Service have announced that the federal income tax filing and payment due dates for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Individuals do not need to take any...
by Matt Davis | Mar 17, 2021 | Blog
Dear Valued Clients and Friends of Burkhart & Company, The Consolidated Appropriations Act, 2021 extends and expands the employee retention credit first created under the CARES Act. As these new rules allow many previously ineligible employers to qualify for the...
by Matt Davis | Dec 22, 2020 | Blog
Dear Valued Clients and Friends of Burkhart & Company, On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021. The bill consists of $300 billion in aid for small businesses, stimulus payments to individuals, additional unemployment...
by Matt Davis | Dec 16, 2020 | Blog
Each individual taxpayer’s year-end planning should consider the unique challenges and opportunities that this year presents. By the Numbers The tax rates for 2020 are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The standard deduction for 2020 is $24,800 for married filing...
by Matt Davis | Dec 16, 2020 | Blog
Each business should consider the unique challenges and possible opportunities that this year presents. Please see below a list of potential strategies and provisions that you may be able to utilize and should keep in mind as we approach year end. Deferring Income and...
by Matt Davis | Oct 12, 2020 | Blog
Dear Valued Clients and Friends of Burkhart & Company, 2020 has certainly been a year to remember. As challenges related to COVID-19 continue, it is important to stay informed as new relief measures are released. Even as Congress continues to work on a new round...
