August 6, 2021

August Newsletter

Here are your Articles for August 6, 2021.

Advance child tax credit payments to begin on July 15

In a News Release, IRS has announced that the 2021 advance child tax credit (CTC) payments, that were provided for in American Rescue Plan Act, will begin being made on July 15, 2021 and has provided some additional information about the payments.



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Employers should choose their payroll service provider carefully to protect against fraud

When hiring a company to handle payroll and payroll tax, employers should carefully choose their payroll service provider. This can help a business avoid missed deposits for employment taxes and other unpaid bills.



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Here’s why taxpayers should have an IRS online account

An IRS online account is an safe an easy way for individual taxpayers to view specific details about their federal tax account. Here are some of the benefits and features of this online system.



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Take a Proactive Approach to Changing Pay Practices to Avoid Gender-Based Discrimination
Gender-based equal pay for equal work has been a hot topic for years. Federal and state lawmakers keep raising the bar on the requirements employers must meet to ensure they’re in compliance. If you haven’t kept pace with the available information, you might be unwittingly out of step with the latest trends and legal standards. Here’s an update.


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Talking to Loved Ones About Your Estate Plans
Sharing your estate plans with your heirs is critical to the well being of your loved ones. To avoid future disputes, make your wishes clear — along with the reasons why you made certain choices. In addition, a candid discussion about estate planning allows you to ask your adult children about their plans to ensure the maximum family wealth is distributed to the younger generation.


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Orchestrating Your Retirement Accounts
An orchestra is a merely a collection of instruments, each of which brings a unique sound. It’s only when a conductor leads them that they create the beautiful music imagined by the composer. The same can be said about your retirement strategy. This article explains the concept.


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Go It Alone with a 401(k) Plan
With one type of retirement plan, business owners who run their operations alone may be able to stash away more money for the future. Continue reading to see if a Solo 401(k) plan is the right way for you to save.


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