Ogden Office Flood: New Tax Document Drop Off Location The Haynie Ogden office experienced a flood on January 1, 2021. We store all our documents electronically, so no personal information was lost. We are working from home until the repairs…
Authored by the IRS | January 7, 2021 Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card. These EIP Cards follow the millions of payments…
Recovery Rebate Stimulus Payments and Credits December 2020 Stimulus Payments The bill provides a refundable tax credit in the amount of $600 per eligible family member. The credit is $600 per taxpayer ($1,200 for married taxpayers filing jointly), in addition…
This may be one of the most important sections of the December 2020 Tax Act for Businesses. It may provide significant tax credits on Forms 941 and 944. Original Employee Retention Credit (ERC) – CARES Act Legislation March 2020 For…
Bonus Depreciation for Qualified Improvement Property – Technical Error Fixed Due to a technical error in the December 2017 tax act, qualified improvement property placed in service after December 31, 2017, was subject to 39-year straight-line depreciation and thus, not…
Paycheck Protection Program – December 2020 Changes The Consolidated Appropriations Act changes the PPP Loan Program primarily in three ways. First, the Act allows new PPP loan applications to be submitted by eligible applicants that never obtained a PPP. Second,…
January 1, 2021 – Haynie is excited to announce the acquisition of Judd, Thomas, Smith & Company, P.C. Certified Public Accountants and Advisors. Judd, Thomas, Smith & Company is a long-standing CPA firm in Dallas, Texas. Haynie continues to…
Austin, TX is filled with amazing and inspiring non-profits. It has been our privilege to connect with and volunteer alongside some of these organizations in 2020. One of our Winter 2020 projects included our team investing a bit of time…
On Dec. 22, 2020, Congress passed the latest COVID-19 Relief Bill. This is the largest bill ever passed by Congress at over 5,500 pages. It contains over $900 billion of additional stimulus funding and provides for several key tax extenders…
The Haynie office in The Woodlands, Texas is bringing a little Christmas cheer to local senior citizens. Seniors have been hit especially hard this year by the pandemic. Isolation from family and friends has been devastating for many. The Woodlands…
