Nowadays, many employer retirement plans give employees the option of contributing to designated Roth accounts (DRAs). According to a 2020 survey, 75% of employer plans now offer DRAs, which are also known as Roth 401(k) accounts. If your employer offers this option and your income is too high to make annual Roth IRA contributions, contributing to […]
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Consider Using CTC Payments to Start a College Fund
If you’re eligible for advance child tax credit (CTC) payments provided by the American Rescue Plan Act, you might wonder whether you should spend the extra cash. Some families are incurring extra child-care costs so the parents can return to work. But others don’t have any imminent child-care-related expenditures to cover. Rather than spend the money […]
The Consolidated Appropriations Act (ACA) extends, liberalizes and expands the PPP
Originally established by the CARES Act, the PPP expired on August 8, 2020. Now the CAA resurrects it. Here are the most important things small businesses should know from this section of the new law. Second-Draw Loan Under the new law, eligible small businesses can take out so-called “second draw” PPP loans. This provision targets […]
Deadlines, Credits and SBA Loans
Deadline Extensions • The April 15th due date for Federal and NC income tax payments has been extended until July 15th for both filing and payment. The Federal government will not charge interest. North Carolina will charge interest as the law now stands; we will let you know if that changes. This applies to both […]
NCLL CPA Response to COVID 19 Outbreak
Office Access Status and Communication Details Like many other businesses around the country, Norton Collar Lund Lilley, PLLC has been working on how to responsibly address the issues surrounding the COVID-19 outbreak. We want to assure you that the health and safety of our staff and clients is of utmost importance. With that said, we […]
Accessing, Viewing and Uploading Files to ClientFlow via Your Client Portal
Accessing Documents via ClientFlow Beginning January 1, 2019, Norton Collar Lund Lilley PLLC has upgraded our document upload and notification system within our client portal for client document submissions. The new system fully integrates your secure client portal directly with our document management system alerting us immediately to any new forms and documents that you […]
