Sonia Narvaez's (sonianarvaez) Blog

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Education & Training - CPA Accounting & Tax Services - AC 30440
RECENT BLOG POSTS
The $1.9 trillion American Rescue Plan that passed in March expanded the Child Tax Credit. For 2021, the child tax credit amount has increased from $2,000 to up to $3,600 annually for children under 6 and up to $3,000 annually for children ages 6 to 17. The credit is also now fully refundable. Be...
06/02/2021
An ITIN, or Individual Taxpayer Identification Number, is a tax processing number only available for certain United States non-resident and resident aliens, their spouses, and dependents who are not eligible for a Social Security Number (SSN). It is a nine-digit number issued by the IRS to taxpay...
05/12/2021
As small business owners struggle to stay afloat a little over a year after the COVID-19 pandemic struck, an extension for small business owners to apply for the second round of Paycheck Protection Program (PPP) funds has been granted, moving the March 31, 2021 application deadline to May 31, 202...
04/01/2021
Small Business Owner Beware… The IRS is Scrutinizing Single Member S Corps Not on Payroll An S corporation is a small, closely held corporation that essentially operates as a pass-through system in which any income and losses pass through the business owner’s personal tax returns. One of the bigg...
04/01/2021
It seems to be the latest craze and fortunes can be made or lost with the click of a button. Cryptocurrency is a form of digital currency that can be used to buy goods and services and uses online ledgers to record and verify all transactions, also known as blockchain technology. While cryptocurr...
03/08/2021
PPP Round 2 Changes To Benefit Smaller Sized Businesses, Self- Employed and SoleProprietors The new coronavirus relief application period will open on February 24, 2021 and run through March 9, 2021 to expand the Payroll Protection Program (PPP) to smaller sized businesses that were unable to qua...
03/08/2021
What is Cost Segregation & How Can It Benefit Your Business?What is Cost Segregation?Cost segregation is a strategic tax planning tool that allows purchasers (both companies and individuals) who have purchased, built or remodeled real estate of any kind favorable tax benefits and increased cash f...
02/04/2021
How to Get Your Missing Stimulus Check Tax Credit  If you are like millions of Americans, your second – or even perhaps your first -- stimulus check may not have made its way through the mail to you. The experts at Orlando based CPA Accounting & Tax Services discuss ways to ensure that you still ...
02/04/2021
The Covid-19 pandemic hit close to the beginning of 2020, with several changes brought on by coronavirus-related legislation that may impact your 2020 tax year filing. As 2020 is now in the books, it’s a good idea to start taking a look at the 2020 tax year filing season changes and learn how the...
01/18/2021
What You Need to Know About the Second PPP Loan A new coronavirus relief bill passed last month will provide $284 billion in Payroll Protection Program (PPP) loans for small businesses. The experts at Orlando based CPA Accounting & Tax Services shares important details about the new relief bill, ...
01/18/2021
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