In response to economic hardships caused by COVID-19, lawmakers finally struck a deal on a near-trillion-dollar economic stimulus package. The most anticipated aspect of Covid-relief is the issuance of direct stimulus checks to taxpayers and their dependents. The measure includes an extension of unemployment benefits previously set to expire at the end of the year. The package also includes extensions of earlier pandemic relief programs such as rent assistance and PPP loans. Although the bill still needs to pass the House and Senate, there are numerous implications to explore ahead of voting. What does this new stimulus package mean for you?

Many taxpayers have begun receiving their economic stimulus checks this week but there is still a lot that is unknown about these payments. Here are some frequently asked questions about these payments and what you need to know.

Thanks to the improvements in the realm of DIY bookkeeping and accounting software, it is getting “easier” than ever for owners to handle their small business bookkeeping on their own. But is it really easier?

The 1099 Process can seem a bit daunting, but don’t let it overwhelm you. Here are nine basics that you need to know about 1099s

There are two new Mississippi tax credits available to individuals who are interested in donating to charity, with the added benefit of a dollar for dollar tax credit.

A Married Filing Joint taxpayer, with an AGI of at least $100,000, can receive up to an $800 credit for a QCO donation and $1,000 credit for a QFCCO donation for a total of $1,800 in tax credits. The list of eligible charities is below: