AE Accounting Group

Don't let the IRS hold your refund, interest free.

The IRS has officially extended the tax deadline to May 17th 2021

Don't get hit with a huge tax bill. You may qualify for disaster distribution relief.

Tax Season officially begins on February 12th 2021! This is the first day the IRS will accept and process tax returns for 2020. Start gathering your documents & book your appointments now!

Be sure to claim your recovery rebate credit this tax season!

An EIN does not mean your business is fully registered. Registration requirements vary on industry, business model, location, etc.

A friendly reminder. Open enrollment for health insurance ends 12/15. If you need any help with the process feel free to reach out.

Apply at

Get 2021 health coverage. Health Insurance Marketplace® Official site of Affordable Care Act. Enroll now for 2021 coverage. See health coverage choices, ways to save today, how law affects you.

Kane county is now accepting applications for the covid relief fund to eligible businesses affected by covid. Those accepted will receive a grant (no repayment) to cover approved expenses. Apply & info below. If you need help applying do not hesitate to ask!

Pages   - CRF The U.S. Department of Treasury allocated $92,900,218 of Coronavirus Relief Funds to Kane County under the CARES Act to help alleviate the impact of the COVID-19 pandemic in our communities. To help distribute these funds, the Kane County Board has established the CARES Act Allocation Committee unde...

The IRS has changed 1099 filing guidelines for 2020. Anyone who received a 1099 for non-employee compensation will now receive a 1099-NEC. If you are a business owner with subcontractors, please make the adequate changes for the upcoming tax season to avoid any penalties. If you have any questions regarding the changes, feel free to contact us!

www.irs.gov/instructions/i1099msc

Instructions for Forms 1099-MISC and 1099-NEC (2020) | Internal Revenue Service Instructions for Forms 1099-MISC and 1099-NEC - Introductory Material Future Developments What’s New Reminders General instructions. Online fillable copies. Filing dates. Instructions for Forms 1099-MISC and 1099-NEC - Main Contents Specific Instructions for Form 1099-MISC Trade or business report...

As we round up the eventful 2020, now is a great time to get your taxes in order. If you are self employed, make sure you've paid appropriate quarterly taxes to avoid underpayment penalties. If you are incorporated, start gathering all employee/subcontractor info to make year end a little easier. If you are an individual, calculate whether your paycheck withholding amounts are accurate, to avoid any surprise bill. 2021 fresh start!

Attention small businesses! Covid relief is still available from the SBA. The EIDL is a loan with a rate of 3.75% which is a monthly payment of roughly $100 a month on a $20,000 loan.

https://www.sba.gov/

¡Atención pequeñas empresas! El alivio de Covid todavía está disponible en la SBA. El EIDL es un préstamo con interes de 3.75%, que es un pago mensual de aproximadamente $100 al mes sobre un préstamo de $20,000.

Small Business Administration We support America's small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business.