Chandler & Richter, P.A., CPAs Accounting News
PPP Loan and Unemployment Compensation for North Carolina
North Carolina Legislature has passed the budget and voted to have the Paycheck Protection Program (PPP) Loan not taxable. Unemployment Compensation is still fully taxable. What does that mean for you if you have timely filed your corporate tax return and individual...
Advanced Child Tax Credit for your 2021 Tax Return
For qualifying children the Child Tax Credit payment for 2021 is as follows:
Children ages 5 or younger you will receive $3,600
Children from the ages of 6 to 17 you will receive $3,000
Dependents 18 and older you will receive $500
