2020 Tax Prep Toolkit

Posted on April 13, 2021
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Tax deadlines have changed this year! Individuals, including those who pay self-employment tax, now have until May 17 to file federal taxes. But not all states followed suite, so make sure you double-check!

Entrepreneurs and small businesses need guidance through tax season this year more than any year in recent history. Thankfully, Frost PLLC’s Lindsey Jackson, CPA, and Jason Thomas, CPA and JD, are experts on the ins and outs of the CARES Act legislation and its tax implications for taxes, employees/employers, and the Payroll Protection Program.

Gain a deeper understanding of the CARES Act legislation updates and get ready for tax season with crucial information by watching our workshop here!

Topics covered in the workshop:

  • American Rescue Plan Act

  • Withholding and estimated taxes, including unemployment benefits

  • Pandemic stimulus payments

  • State taxes on remote work

  • Home offices

  • Charitable-donation deduction

  • Retirement accounts, including pandemic withdrawals

  • Flexible spending accounts

  • Changes for business owners

  • Tax reporting for PPP and credits

  • Cryptocurrency

  • Estate and gift tax

  • Child or other dependent tax credit

We covered a lot of ground! If this was helpful to you, consider signing up for our newsletter to keep up-to-date on all our upcoming sessions.