INSIGHTS

 
 

How CTBK Can Help Construction Companies
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How CTBK Can Help Construction Companies

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
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Helping Hands Kicks Off Summer

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
In the News

Federal Tax Refund Myth Sends Wrong Message

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
COVID-19 In the News

Tax Credits Available for Small Employers Offering Paid Leave to Employees for COVID Vaccine

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
In the News

Understanding the Food/Beverage Tax Deduction

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
In the News

IRS Extends Additional Tax Deadlines

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
COVID-19 In the News

Recovery Rebate Credit Won’t Be Applied to Past-due Federal Income Tax Debts

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
COVID-19 In the News

President Biden Signs PPP Loan Extension Act

“…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
In the News

Special Tax Credit Available for Those Who Adopted, Began Process in 2020

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
COVID-19 In the News

PPP Loan Extension Passed by US Senate

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
COVID-19 In the News

Face Masks, Other PPE to Prevent Spread of COVID-19 Are Tax Deductible

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
COVID-19 In the News

Modifications Made to ARPA, 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
COVID-19 In the News

IRS, NYS Change Tax Deadline

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
COVID-19 In the News

Payroll Provisions of ARPA

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
In the News

Identity Theft Targets Unemployment Benefits

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
In the News Uncategorized

IRS Releases Update on Tax Deadline

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
Spotlight

CTBK Founder Appointed to Wall of Amazing Humans

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
Spotlight

“Big Sisters” Recognized at CTBK for National Mentor Month

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
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5 Tips to Simplify Tax Time

read time: 5 minutes April 15 always seems to come around quick, and surely this year will be no different….
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CTBK Gears Up for 2021 With Team Promotions
In the News Spotlight

CTBK Gears Up for 2021 With Team Promotions

While many are (very) ready to say goodbye to 2020, CTBK took a pause to recognize the achievements that have…
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