Consolidated Appropriations Act of 2021 (CAA)

Appropriations Law Adds Some Business Tax Breaks and Extends Others

January 7th, 2021|Categories: Accounting, Burns Firm, Consolidated Appropriations Act of 2021 (CAA), COVID-Related Tax Relief Act (COVIDTRA), PPP, Tax, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA)|Tags: CARES Act loan forgiveness, Consolidated Appropriations Act (CAA), coronavirus relief, covid relief and my tax, covid-19 relief, CPA Dallas, Dallas CPA, my tax return and coronavirus, tax accountant near me, tax relief, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA) and the COVID-Related Tax Relief Act (COVIDTRA).|

President Trump signed the Consolidated Appropriations Act (CAA) into law on December 27, 2020. The legislation adds a few new tax breaks for businesses and extends a bevy of other business [...]

New Law Includes Favorable Changes for Individuals

January 5th, 2021|Categories: Accounting, Burns Firm, Consolidated Appropriations Act of 2021 (CAA), Coronavirus, Covid-19, COVID-Related Tax Relief Act (COVIDTRA), Tax, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA)|Tags: Consolidated Appropriations Act of 2021 (CAA)n, Covid-19 tax relief, COVID-Related Tax Relief Act (COVIDTRA), CPA Dallas, Dallas C, my tax return credit relating to Covid-19, new Covid-19 tax relief, tax accountant in Dallas, tax and covid-19, tax law and coronavirusm coronavirus and tax, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA), The Burns Firm|

The massive COVID-19 relief bill signed by President Trump on December 27, 2020, contains a variety of tax breaks and authorizes direct payments to eligible individuals (see right-hand box). The law [...]