Greenlight Financial Blog | Financial Advice, News and more

July 1, 2021

Mid-year check in with CEO Gerry Mujica

I hope you are doing well and staying safe; we’ve made it out of 2020 and are now half-way through 2021. The past 18 months have been difficult but have also brought about a lot of growth. I am excited to talk about everything that’s been happening this year and about what the future holds....

June 8, 2021

IRS Child Tax Credit Payments Begin July 2021

What is the IRS Child Tax Credit? Beginning in July, the IRS will be sending letters to over 36 million families. These letters will explain how they may qualify for the monthly Child Tax Credit payments. These payments were brought up by the Biden administration and Congress. The Child Tax Credit, or CTC is part...

business owner woman sitting in front of laptop frustrated

May 12, 2021

3 Top Reasons to Hire a Bookkeeper

There are many to hire a bookkeeper for your business but we’ve narrowed it down to three top ones. Before we get into why you need a bookkeeper, let’s talk about what exactly they do. What does a Bookkeeper do? A bookkeeper documents and manages a business’ financial transactions while recording them to a general...

February 23, 2021

Claiming a Stimulus Check on your 2020 Tax Return

In 2020, millions of Americans received one or two Stimulus Checks also known as Economic Impact Payments (EIP). That means that this year your tax return form will be slightly different. Greenlight Financial can help you file your tax returns and ensure you receive any money you are eligible for. Who qualifies for a stimulus...

tax withhold statement and iphone on table with coffee

August 28, 2020

4 Tax Tips for End of Summer 2020

As the federal business tax deadline for pass-throughs with extensions is approaching on September 15th, we summarized the following relevant tax saving tips and reminders. 1. UPDATE YOUR W-4 WITHHOLDING Did you receive a large refund for 2019? If so, you’re part of the great majority of individuals who have too much withheld from their...

July 22, 2020

IRS Provides Relief for Acceleration of CARES Tax Benefits for BBA Partnerships

The IRS has just issued Revenue Procedure 2020-23 to address a problem caused under prior law by some tax changes under the CARES Act for partnerships. This procedure provides relief permitting partnerships to obtain the benefit of the new tax provision more quickly. The CARES Act includes a number of new tax deductions, particularly involving...

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