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How does the child tax credit (July 15th) work?

by | Jul 15, 2021 | Uncategorized

For children under the age of six, the maximum credit is $3,600, and for those aged six to seventeen, the maximum credit is $3,000. Half of the credit will be granted in six monthly installments as an advance on 2021 taxes. Families receiving the full benefit will get...

Was Your RRF rescinded?

by | Jul 14, 2021 | Uncategorized

Want to know why your RRF was rescinded? Let’s take a deeper look at what’s going on here. It was considered as a lifeline since it provided a $28.6 billion Restaurant Revitalization Fund. Unlike the infamous PPP loans, this money would be distributed as...

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Do you owe the IRS any money?

With all the money being dolled around to Americans one thing is not so clear, actually, it is pretty hidden. And that is what is big brother doing about all this abundance of money, well they are cracking down on people that own back taxes, hey they are even writing...

What happens when banks reverse course on our PPP loans?

The economy has been devastated by COVID-19. This caused many businesses to shut down completely, while others are forced to operate on a restricted basis. As a result of these restrictions, many businesses are contemplating bankruptcy or are on the edge of failure....

How does the child tax credit (July 15th) work?

For children under the age of six, the maximum credit is $3,600, and for those aged six to seventeen, the maximum credit is $3,000. Half of the credit will be granted in six monthly installments as an advance on 2021 taxes. Families receiving the full benefit will get...

Was Your RRF rescinded?

Want to know why your RRF was rescinded? Let's take a deeper look at what's going on here. It was considered as a lifeline since it provided a $28.6 billion Restaurant Revitalization Fund. Unlike the infamous PPP loans, this money would be distributed as grants rather...

How to request for PPP forgiveness and the steps involved!

Want to know how to get your PPP fully forgiven? Well, you are in the right place. When it comes to PPP, we're all aware that it's a forgivable loan. And obtaining a PPP and applying forgiveness on a PPP is not difficult; all we have to do is determine whether we are...

Jacob + Wise

So you are probably are wondering why we decided to name our company Jacobwise. As a matter of fact, we can pretty much bet that you probably have a hard time finding us in search engines. But we have a pretty good explanation. The first part of our name, Jacob, is...

Enhanced Unemployment Benefits Temporarily Extended

President Trump has signed an executive order to extend the enhanced unemployment benefits that millions of Americans have come to depend on but not at the same $600 amount. When probed as to why the amount is not at the same enhanced benefit of $600, Trump stated...

The Second Wave of Coronavirus Brings in Additional Financial Relief

With the current drive to have normal operations up in running, there is the awareness amongst officials that many Americans still need additional assistance to make this transition successful. With an unemployment rate of 11.1%, there are still millions of unemployed...

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