The filing date for individual federal income tax returns has been postponed until May 17. The IRS has announced that individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to…
The American Rescue Plan has expanded the Child Tax Credit and the Child and Dependent Care Credit creating major tax benefits for taxpayers with dependent children. The Child Tax Credit has been expanded from $2,000 per child under the age…
Many taxpayers received unemployment compensation during 2020 due to layoffs and furloughs caused by the Coronavirus Pandemic. If you are one of those taxpayers and your modified adjusted gross income (AGI) is less than $150,000, the American Rescue Plan enacted…
The new $1.9 trillion stimulus bill known as the American Rescue Plan Act will soon land on President Biden's desk for signature. He is expected to sign into law this Friday. The bill contains a wide range of provisions for…
Ben Curtis Ben Curtis, CPA, has been promoted to Senior in the Accounting & Assurance Department. Ben holds a Bachelor’s and Master’s Degree in Accounting from The University of Tennessee. He has been with Coulter & Justus since July 2018.…
Kelly Bumbalough Kelly Bumbalough, CPA, has been promoted to Manager in the Tax Department. Kelly holds a Bachelor’s and Master’s Degree in Accounting from The University of Tennessee. She has been with Coulter & Justus since August 2018. Shane…
Congratulations to Christy Burgess on her promotion to Principal. The Principal position at Coulter & Justus, P.C. represents the highest level of accomplishment and technical service responsibility. This distinction also recognizes Christy for her experience, expertise and service to clients…
The Consolidated Appropriation Act, 2021 (Act) generally provides the annual funding for the federal government and contains several important rules giving further COVID-19 relief. These include, among other things, revisions to the Paycheck Protection Program (PPP), expansion of the employee…
A new bill containing $900 billion in new COVID-19 relief has been approved by Congress and is heading to the White House for President Trump’s signature. The White House has said that the President will sign the legislation once it…
Congratulations to Jill Neace, Tax Principal, on being named Knox.biz 40 Under 40. The 2020 40 Under 40 class is full of leaders, innovators and community servants. We are so proud of Jill and her commitment to her profession, family,…
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