Need a break? The Federation of St Kitts and Nevis, a dual-island Caribbean nation located just over two hours away from Southern Florida, has been encompassed in the Caribbean Journal's ranking of the region's best islands to visit in 2021. According to the publication, the Federation was included due to its "uncrowded, calm and beautiful" [...]
Employers must file Form W-2 and other wage statements by Monday, Feb. 1, 2021. This is also the date Form W-2s are due to employees. By law, employers are required to file copies of their Form W-2, Wage and Tax Statement, and Form W-3, Transmittal of Wage and Tax Statements, with the [...]
When people get ready to file their federal tax returns there are new things to consider when it comes to which credits to claim and what deductions to take. These things can affect the size of any refund the taxpayer may receive. Here are some new key things people should consider [...]
Goodbye, 2020, and hello 2021! Hormel Foods Corp. is helping culinary enthusiasts around the world welcome 2021 with an exciting round-up of food trends to expect in the new year. "It's no surprise that comfort food, sourdough bread, and whipped coffee had big moments this past year, as people hunkered [...]
As the holiday season winds down it may be time to address taxes even though it's not as exciting. To help the Internal Revenue Service encourages taxpayers to take necessary actions now to help file federal tax returns timely and accurately in 2021. These are some reminders to help taxpayers [...]
Learning has taken on a whole new direction in this age of COVID for students, teachers, and parents alike. During the fall 2020 semester, K-12 teachers asked their students 60% more questions during in-person instruction compared to remote instruction. It's a stark reminder of the challenges that the COVID-19 pandemic [...]
As the pandemic rages on safety and social distancing, along with virtual options, will be the emphasis now and for the upcoming tax season as the Internal Revenue Service seeks volunteers to provide free tax return preparation through its Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs. [...]
Will it be a good season for retail this holiday season? Unlikely. U.S. consumers report that they will spend 14 percent less on holiday gifts this year, cutting their budgets to $400 per person, down from $465 per person in 2019, according to a new survey of Americans by L.E.K. Consulting and Civis [...]
The Internal Revenue Service issued Notice 2020-86 PDF addressing certain provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) affecting safe harbor plans, including safe harbor 401(k) plans and certain 403(b) plans. Safe Harbor Plan A safe harbor 401(k) plan is similar to a traditional 401(k) [...]
Traveling with a task-trained service dog will be safer and more accessible for passengers traveling with service dogs soon. According to a new report, there are some big changes for passengers flying with service and emotional support animals that will go into effect at the end of December after the [...]
