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Did You File Before Congress Passed the Unemployment Tax Exclusion? Here is How the IRS is Handling the Situation
Normally, unemployment insurance benefits are fully taxable for federal purposes. However, earlier this year, about the middle of the tax filing season, Congress, as part of the American Rescue Plan Act, decided that each individual who received unemployment benefits could exclude the first $10,200 of those benefits from taxation if their modified AGI was less than $150,000.

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Here’s What Happened in the World of Small Business in May 2021
In this small business breakdown, we discuss important current events that are affecting small businesses across the United States. Here’s the top news from May 2021.

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Some Small Businesses Are Recovering. Is Yours?
The COVID-19 pandemic isn’t over, but many small businesses are on the upswing. How QuickBooks Online can help if yours isn’t.

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Mergers and Acquisitions 101 for Small Business Owners
Small business owners and entrepreneurs need to know about their options with mergers and acquisitions (M&A) and also consolidation.

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Video: Quick Tips for Effective Tax Record-Keeping
Watch this video for tricks on how to keep good records of your business transactions and avoid running into problems with the IRS.

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