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The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with…

child tax credit
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Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC)…

employee education assistance
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Many businesses provide education fringe benefits so their employees can improve their skills and gain additional knowledge. An employee can receive, on…

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Beginning Jan. 1, 2021, through Dec. 31, 2022, businesses can claim 100% of their food or beverage expenses paid to restaurants as…

Updated IRS Tax Filing Deadline 2021
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On March 17, the Internal Revenue Service announced that the federal tax-filing deadline is postponed from April 15 to May 17, 2021.

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The American Rescue Plan Act, signed into law on March 11, provides a variety of tax and financial relief to help mitigate…

business highlights in new american rescue plan bill
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President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best known for…

Estimated Payments 2021
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Even though the deadline for filing your 2020 federal individual tax return has changed to May 17, the deadline for the first…

work opportunity tax credit
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Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals from one…

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Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable…

business cost per mile
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This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half…

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The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get…

new COVID19 relief bill
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The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here…

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The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic. It…

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In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen customer lists to start…

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Laciak>cpa locations will be closed on Thursday, December 24, Friday, December 25, and Friday, January 1, in observance of the holidays. Have…

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Beginning Monday, November 30, both our our Valparaiso and Schererville office locations will be open with regular hours of operation. Face masks…

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During the week of November 23, 2020, our Valparaiso office will be open Monday, November 23 through Wednesday, November 25, 2020 for…