Child Tax Credit to Be Paid in Advance
By Kaitlyn Affuso
/ July 16, 2021
The IRS announced that crucial changes have been made to the Child Tax Credit (CTC) under the American Rescue Plan…
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How CTBK Can Help Construction Companies
By Kaitlyn Affuso
/ June 17, 2021
CTBK is a construction accounting firm offering a team of professionals, many of whom are focused solely on the construction…
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Helping Hands Kicks Off Summer
By Kaitlyn Affuso
/ June 9, 2021
Our team wanted to start the summer of 2021 much different than what 2020 offered. As the city of Buffalo…
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Federal Tax Refund Myth Sends Wrong Message
By Kaitlyn Affuso
/ April 27, 2021
Despite the tax filing deadline not being for another couple of weeks (May 17, 2021), many taxpayers have already filed…
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Tax Credits Available for Small Employers Offering Paid Leave to Employees for COVID Vaccine
By Kaitlyn Affuso
/ April 21, 2021
The American Rescue Plan brings additional tax credits to the forefront for employers during tax season in a pandemic. The…
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Understanding the Food/Beverage Tax Deduction
By Kaitlyn Affuso
/ April 9, 2021
The IRS set out the guidelines of what is and what is not considered a restaurant, for the purposes of…
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IRS Extends Additional Tax Deadlines
By Kaitlyn Affuso
/ April 7, 2021
After several states declared a tax filing extension, the IRS announced other tax deadline extension to be pushed to the…
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Recovery Rebate Credit Won’t Be Applied to Past-due Federal Income Tax Debts
By Kaitlyn Affuso
/ March 31, 2021
IRS announced that the 2020 Recovery Rebate Credit (RRC) amount will no longer be applied to past due federal income…
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President Biden Signs PPP Loan Extension Act
By Kaitlyn Affuso
/ March 31, 2021
“…small businesses is the backbone of our economy…”-President Joe Biden President Biden has signed the PPP Extension Act of 2021,…
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Special Tax Credit Available for Those Who Adopted, Began Process in 2020
By Kaitlyn Affuso
/ March 30, 2021
The adoption tax credit is offered to help offset some of the expensive costs that occur during the adoption process….
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PPP Loan Extension Passed by US Senate
By Kaitlyn Affuso
/ March 29, 2021
Nearly one of every six small business owners report they will have to close their doors if current economic conditions…
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Face Masks, Other PPE to Prevent Spread of COVID-19 Are Tax Deductible
By Kaitlyn Affuso
/ March 29, 2021
The IRS announced that the purchase of personal protective equipment (PPE), such as masks, hand sanitizer and sanitizing wipes, for…
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Modifications Made to ARPA, 2021
By Kaitlyn Affuso
/ March 25, 2021
The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, extended and significantly modified…
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IRS, NYS Change Tax Deadline
By Kaitlyn Affuso
/ March 24, 2021
This past week, the Internal Revenue Service (IRS) announced that the federal personal income tax filing and payment deadline for…
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Payroll Provisions of ARPA
By Kaitlyn Affuso
/ March 24, 2021
What to Know About ARPA The American Rescue Plan, 2021 (ARPA, 2021) was signed by President Biden on March 11,…
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Identity Theft Targets Unemployment Benefits
By Kaitlyn Affuso
/ February 25, 2021
IRS urges taxpayers to be on the lookout for identity theft this tax filing season. WIth an uptick in unemployment…
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IRS Releases Update on Tax Deadline
By Kaitlyn Affuso
/ February 25, 2021
No plans to extend tax season beyond April 15 In a February 23 testimony before the House Appropriations Committee Financial Services…
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CTBK Founder Appointed to Wall of Amazing Humans
By Kaitlyn Affuso
/ February 11, 2021
read time: 5 minutes Engage with the world. It’s a lot more fun than writing about it. That’s the approach…
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“Big Sisters” Recognized at CTBK for National Mentor Month
By Kaitlyn Affuso
/ January 27, 2021
read time: 5 minutes January is National Mentor Month and while we have a team packed with mentors internally, we…
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5 Tips to Simplify Tax Time
By Kaitlyn Affuso
/ January 13, 2021
read time: 5 minutes April 15 always seems to come around quick, and surely this year will be no different….
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