Mon, 21 Sep 2026 14:40:01 -0500WeeblyThu, 03 Feb 2022 14:40:56 GMThttps://www.serenityduluth.com/our-latest-news/tax-letter-updatesDear Clients, Family and Friends:

Happy 2024 from our Staff!

​Sheri – Office Manager, Bookkeeper and Payroll
Eddie – Tax Manager, Tax Preparer and Bookkeeper 
dj – Tax Preparer and Bookkeeper
Barb – Bookkeeping, Payroll and Tax Dept Assistant
Brenda – Bookkeeping, Tax and Front Desk Assistant 
Didi – Front Desk Administration
Deni – all things Serenity.

Didi remains at the front desk as your point of contact. Brenda will also be helping at the front desk. They both can be reached at 218-464-1510 or didi@serenityduluth.com. They will
answer general questions and help you schedule your tax appointment.

Please call the office to set up your appointment as soon as possible, as spots will fill up quickly.

As always, you have the option to drop off, email, mail in, upload or fax us your information.

Tax Season Hours will begin Monday, January 29th, 2024
Monday – Thursday: 8:30 a.m. to 8:00 p.m.
Friday – Saturday: 8:30 a.m. to 5:00 p.m.

Here is some tax information for 2023 that may be beneficial to know:

CHILD TAX CREDIT:
For 2023, the CTC remains at $2,000 for all dependents who were under the age of 17 as of 01/01/2024. If you have a dependent that is over 17, but under 24, you could qualify for the Qualifying Relative Credit of $500.

CHILD AND DEPENDENT CARE CREDIT:
The maximum credit will be $1,050 for up to $3,000 in expenses for 1 child, and $2,100 for up to $6,000 in expenses for 2 or more children.

Many of our clients ask about Itemizing Deductions. In 2018, when the tax code was changed, one of the biggest changes was the Standard Deduction. The standard deduction was doubled.
Once that happened – itemizing changed. Here are the guidelines for itemizing:

Medical/Dental – In order to use this deductions, your medical expenses must exceed 7.5% or your adjusted gross income. An example would be if your AGI is $50,000, you would have to
have more than $3,750 to qualify – and that first $3,750 of expenses wouldn’t count – it would be anything above that.

SALT – State and Local Taxes – there is a limit of $10,000. This would consist of state income taxes paid, estimates and balance due amounts paid in that current year, property taxes and
personal taxes such as license plates (not all state plates apply).

Mortgage interest – This is the interest that is paid on our home. If you have a home equity interest – it may or may not qualify.

Charitable Contributions - keep track of your charitable contributions, as you may be eligible for credit on your MN state return. Also, note that the only contributions that qualify for any deduction are those made to a 501c3 organization. Raffle tickets or Girl/Boy Scouts, where you get something in return for your “donation”, do not count as charitable contributions. (Go Fund Me, political contributions and a few others are not 501c3s)

Gambling Losses – up to your gambling winnings

Job expenses for employees – this deduction is no longer allowed. There are certain individuals that qualify for an above the line deduction for job related expenses, however, there are only four types, and they are very specific.

OTHER NOTABLE FACTS FOR THE 2023 TAX SEASON

Standard Deduction:
Single/MFS $13,850 
MFJ/QW $27,700 
HOH $20,800 

Mileage rates:
Business - .655
Charitable - .14
Medical - .21

Single Filers and Married Couples Filing Jointly:
Tax Rate:    (Single):                          (Married Filing Jointly)
10%             Up to $11,000                   Up to $22,000
12%            $11,001 to $44,725            $22,001 to $89,450
22%            $44,726 to $95,375           $89,451 to $190,750
24%            $95,376 to $182,100         $190,751 to $364,200
32%            $182,101 to $231,250        $364,201 to 462,500
35%            $231,251 to 578,125          $462,501 to $693,750
37%            Over $578,125                   Over $696,750

Married Filing Separately and Head-of-Household Filers:
Tax Rate (Married Filing Separately)      (Head of Household)
10%          Up to $10,275                              Up to $14,650
12%          $10,276 to $41,775                      $14,651 to $55,900
22%          $41,776 to $89,075                     $55,901 to $89,050
24%          $89,076 to $170,050                   $89,051 to $170,050
32%          $170,051 to $215,950                  $170,051 to $215,950
35%          $215,951 to $323,925                  $215,951 to $539,900
37%          Over $332,925                             Over $539,900

PRICING:

There will be no increase in the base price for tax returns this year. $150 for Federal returns and $50 for each state return. We've added an Admin Fee of $15 to cover the cost of processing and mailing returns and copies. Additional forms will add to the cost of the return.

If your return involves bookkeeping (this includes QuickBooks, preparation of spreadsheets or going through receipts/bank statements) this time will be billed at $105 per hour in addition to the cost of the tax return.

Tax Planning for 2023 and beyond will also be billed at $105 per hour.

If we need to make a call to the IRS, on your behalf, this may also result in a charge of $105 per hour, depending on the circumstances of the call.

If you have a dependent who would like their tax return prepared, we will happily do so at 50% of the normal rate for the return (Minimum $100).

Amended returns will be billed at the normal processing rate.

Business Returns (Corporations, Partnerships, Non-Profits and Estates and Trusts) will have a price increase; however, we will send out a separate letter to these clients.

We provide a copy of your tax return once it has been completed, either in paper or digital form.

Requests for additional copies, later in the year, will now be billed at $50 per copy. Digital copies will be available in your Secure File Pro account to access when you need them.

We require payment at time of tax return completion, we will not process your return unless we have payment on file.

IMPORTANT DATES:
Start of e-file acceptance January 29, 2024
Federal/State filing deadlines –

Business Files:  Wednesday, March 15, 2024

1040 & C-Corps Tuesday, April 15, 2024

Non-Profits (990) Monday, May 15, 2024

ESTIMATED PAYMENTS:
Quarter 1 (Jan, Feb, Mar) April 15, 2024
Quarter 2 (Apr, May) June 17, 2024
Quarter 3 (Jun, Jul, Aug) September 16, 2024
Quarter 4 (Sept, Oct, Nov, Dec) January 15, 2025
IRA/401K Information:

401 K Contribution limits: 2023 - $22,500 (+catchup of $7,500 for over 50)
IRA Contribution limits: 2023 - $6,500/person (+catchup of $ $1,000 for 50+)

EXTENSIONS:

Remember that filing an extension does NOT extend your payment deadline. If you need to file an extension, talk with your tax preparer about submitting a payment to avoid incurring penalties.

Also, if you wish to have us file an extension for you, please let us know by March 31 or sooner. If we don’t hear from you, no extension will be filed.

Referral Discounts:
Your loyalty, support and friendship to the Serenity family is why we are here. We appreciate the opportunity to serve all your tax preparation needs. Your faith in us, through your personal recommendation to others, is humbling. As usual, for your personal referrals for new tax clients, we will discount your next year’s tax return preparation by $25 as a thank you.

The discount for Active Military remains at $50. Talk with your tax preparer for details.

SECURE FILE PRO:
As in previous years, we will use Secure File Pro or Adobe Sign for obtaining signatures. We will be using Secure File Pro for file uploads and selected file storage. Please contact the office,
or your tax preparer, if you have questions.

This is the last year we will be mailing out the letters. Updated information will be found on our Facebook page and on our Secure Portal. If you want to have a letter sent, we can
email you a copy.

We look forward to seeing or hearing from you soon!
Sincerely,

Deni   Sheri   Eddie   DJ   DiDi   Barb  Brenda]]>Fri, 11 Jun 2021 21:42:02 GMThttps://www.serenityduluth.com/our-latest-news/child-tax-credit-advanceRecently many news outlets have been reporting a new “stimulus payment” coming in July. This has caused some confusion in the tax preparer community. There are no current plans for a fourth economic impact payment (EIP), but instead, the press is calling the upcoming advance child tax credit (CTC) payments a “stimulus payment.”

Earlier this week, the IRS announced it started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly CTC payments starting in July. Families who are eligible for advance CTC payments will receive a second, personalized letter listing an estimate of their monthly payment, which begins July 15.

The payment will be up to $300 per month for each qualifying child under age 6 and up to $250 per month for each qualifying child ages 6 to 17. The IRS will issue payments on July 15, Aug. 13, Sept.15, Oct. 15, Nov. 15 and Dec. 15.
​
For those who do not want to receive advance CTC payments, it’s anticipated instructions on how to unenroll from these payments will be available by the end of June.]]>Fri, 12 Mar 2021 00:19:08 GMThttps://www.serenityduluth.com/our-latest-news/update-for-2020-tax-season​We would like to take a moment and speak openly and honestly about tax season.

First, we want to tell you all how much we love you and appreciate the continued support.  It brings all our hard work into perspective and lets us realize how much of an impact we have on our community.  However, this tax season has been a struggle. In all honesty, it seems to be a carryover from last year.  This year has brought so many changes to how we do returns as well as the returns themselves. 

When the pandemic started, we were considered essential and were open for business as usual.  We worked all year, trying to navigate the complexity of PPP Loans, payroll issues and tax returns.  Keep in mind, we were doing this while the Federal and State agencies were shut down. Our hands were tied on all things related to these locations - - questions were left unanswered and everything ground to a halt.

We were inundated with businesses that needed help navigating through the myriad of information on grants and loans that became available. It took a lot of time to learn all of this and took away from our normal workflow.  We try to help everyone with every situation, and it has proven difficult.  This is one of the reasons why we haven’t been as available for calls and emails as we normally are. We want to address all your questions, however there are times that it must be delayed until a moment where we can take a breath and send out that email response. 

This year, the IRS started our filing season two weeks late, and has not extended the season.  Now with the newly signed stimulus, changes have been made to the 2020 tax season with only 5 weeks left.  The biggest change affects people who have received unemployment benefits. The new law states that the first $10,200 is now tax free (prior to this change, all unemployment was considered taxable income). Many of these returns, covered under this scenario, have already been filed.

The IRS has given no guidance, and tax software companies don’t know how to adjust their software.  We are awaiting direction, and until then, we feel the best course of action is to not file any returns that include Unemployment Benefits.

One of the other struggles we are having, is processing the returns for businesses that have received Covid related assistance.  Currently, the Federal gov’t is saying some of this income is non-taxable, yet the states are considering it all taxable.  Each return is affected differently and must be looked over carefully.

We would like to offer apologies to everyone, for the delays in processing the returns we have in-house. Currently, we have a deadline coming up for business returns. Deni and Dani are working hard to get as many done as possible.  Unfortunately, this means DJ is the only one working on the personal returns during this time frame.  We realize that this isn’t our client’s issue, it is ours. 

We are still working the returns in the order they are received and doing our best to get them done quickly and accurately. We are anticipating a need for amended returns based on the new guidelines. Of course, we must await guidance. If amendments are indeed needed, these will be handled after the April 15th tax deadline. This will help ensure our clients that need a first filing get taken care of before the returns that need correction.

We want to assure everyone that we WILL get to you and your account. We are all working 12-hour days, 6 days a week. We’ve joked about camping in the waiting area.

If we were asked to describe our situation, it would best be summed up as this:
We are in a large, open, sinking boat and bailing for all we are worth.  Unfortunately, our bucket has been replaced with a spaghetti strainer, and someone just threw us an angry warthog and 6 cats to keep dry. Did I mention the rainstorm?  Yeah, there is a rainstorm…..]]>Wed, 17 Feb 2021 22:22:56 GMThttps://www.serenityduluth.com/our-latest-news/changes-to-appointments* * We are still taking taxes & processing them. We have just had to change our procedure**
​
As of today, we are no longer setting up phone/zoom tax appointments. Any appointment already on the books will be kept. If you would like your taxes prepared, we ask you drop off the information and they will be worked in the order received. A phone call will be made to you regarding any questions and results.

We apologize for any inconvenience this may cause. This decision was made due to a combination of circumstance - changes to the tax law, COVID considerations and the most important being that we are short staffed this year (we normally have 3 more people in the office assisting with taxes and bookkeeping).  Deni, Dani and DJ are working hard to keep up but, at this time, we are about 3 weeks out.

Please, remember we are human, and working to our best capacity while trying to ensure accuracy.  A bit of kindness and understanding goes a long way. 

Thank you for your patience and continued support. As things shift and change, we will keep you updated as best we can. ]]>Mon, 01 Feb 2021 15:16:59 GMThttps://www.serenityduluth.com/our-latest-news/e-filing-start-dateThe IRS has delayed the start to the e-filing season.  We will be unable to e-file any returns until February 12th.  

If you are unfamiliar with what that means, it is the process we use to get your tax information from us to the Government.  It basically means that even though you want your taxes done on February 1st, it can't be sent until the 12th.

Because of this delay, we are trying not to set up appointments prior to the 12th to allow us to get things settled and avoid any bottleneck on that date.]]>Mon, 04 Jan 2021 14:33:15 GMThttps://www.serenityduluth.com/our-latest-news/2021-tax-newsletter​Dear Clients, Family and Friends:
 
Wow, what a year 2020 has been! We would like to take a moment to express our sincerest apologies to those of you that had to wait longer than you should have for your tax returns in the 2020 tax season. This year threw things at us that we never expected: COVID-19 complications, employment issues, the inability to contact any State or Federal agency - - the list goes on.  Now that 2020 is ending, it’s time to start thinking about getting your taxes taken care of.
 
Didi is our newest Serenity team member, and she is here to be your point of contact. If you would like to set up a prescheduled appointment, Didi is your gal! You can reach her at 218.464.1510 or at didi@serenityduluth.com.

Of course, Deni, Dani, and DJ are all here to assist you in all things tax, while Sheri is here to keep the office running smoothly and keep us all in line (this is a BIG job).

Visit our Facebook page and Website (www.serenityduluth.com) for updates on all things tax, bookkeeping, and payroll. You can also contact us with questions or to request information in both places.
 
We are going to be doing things a little differently this year,
please read the following carefully!
 
Our Tax Season hours begin January 25, 2021
Monday – Thursday   8:30 a.m. to 8:00 p.m.
Friday - Saturday   8:30 a.m. to 5:00 p.m.
 
While we are “OPEN” during these hours, our interior office door will be locked. The drop bin that was implemented will still be in the entry area.

We will NOT be taking any in-person appointments this year, but we will still be able to help you complete your taxes.  We are all disappointed that we will not be able to have our face-to-face interactions this year, however, our priority is the health and safety of our employees and clients. We appreciate your understanding.

There will be a learning curve in all of this, and we ask for your patience as we all figure it out together. While the way we take tax appointments has to change this year, the process of completing your return has not changed.
 
Here is a step-by-step list of what we will be doing:

1. Call/Email Didi and get set up with the prescheduled appointment. You will select a date and time, as before, and if you would like it to be a phone call or a Zoom meeting. 
2. Three days (or more) before your appointment, please make sure we have all your documents. You can mail in, drop off, scan/email, fax, etc.; we cannot complete your return without having the documents in front of us.
3. During your appointment, we will go over any questions that need to be asked, any missing information, and answer any questions you have – this is just like a normal tax appointment.
4. Provided we have all the information we need, tentative results will be given to you at the end of your appointment. 
5. Once your appointment is over, your return will then enter our “checking process”. This is where another preparer will look it over to make sure there are no errors and that nothing was missed. You will be notified if anything changes with your return.
6. We are using Secure File Pro again this year to obtain electronic signatures. If you do not feel comfortable with this, please let your preparer know during your appointment so that she can make other arrangements to get your signature.
7. Once we have checked your return, gotten your signatures, and received payment for the return, we will then e-file the return. Once it is accepted, we will send your copy of the return and original documents back to you via mail.

 
Please note – if you make an appointment and do not have your information here at least 3 days prior, your appointment will be rescheduled once we receive your documents. The new appointment could be affected by availability of your preparer. In a normal year we schedule appointments close together, this year we will be allowing more time between appointments to allow for (possible) completion of returns.

If you normally drop off your information without an appointment, please feel free to do the same this year. These returns are processed in the order they have been received.
 
 
Some notable facts for the 2020 Tax Season:
Standard deduction
Single              $12,400
MFJ/QW         $24,800
HOH               $18,650
 
Mileage rates
 
                                             2020                2021
                     Business          .575                 .56
                     Charity            .14                   .14
                     Medical           .17                   .16
 
Dependent credits are the same as last year:
Child Tax Credit                       $2,000
Other Dependent Credit              $500
 
The Child Tax Credit is for your child ages 16 and under. The Other Dependent Credit is for your child who is 17 or older, and other dependents that are not your child (ask your preparer for more information on determining if someone qualifies as an Other Dependent)

Unemployment Benefits
Unemployment benefits ARE taxable income, including the extra Federal $600 per week if you received it. This could result in a tax due if you did not have enough withholding. When MN first started distributing the extra $600, they were not able to take withholding from it, even if you had it set up to have withholding from your regular unemployment. We are unsure if this was corrected for the new unemployment extension.

IRA/401K Information
401(k) contribution limits:      $19,500 (+ an additional $6,000 catchup for over 50)
IRA Contributions:                 $6,000/person (+ an additional $1,000 catchup for over 50)

Distributions that are COVID-19 related:
The 10% early distribution penalty will not apply for 2020
You may also opt to pay the general income tax because of your corona virus-related distribution over the next 3 years, or you can pay it in 2020. (Basically, if you had a distribution of $9000, you may choose to have $3000 reported as income in 2020, 2021, and 2022)

If you have other questions regarding your retirement plans, we recommend speaking with your financial advisor.
 
College Credits
If you have a dependent that is a student, that also files a tax return, make sure they mark their return that they CAN be claimed as a dependent on another’s return. If they don’t, you will not be able to claim the student, or the credits that go along with them.
 
Married, but thinking about filing separately?
There are disadvantages.
The following is a list of credits/benefits that you do not get if you file separately

• Earned Income Credit
• Credit for Age or Disability
• Child and Dependent Care Credit
• Adoption Credit
• Education Credits
• Student Loan Interest Deduction
• Savings Bond Interest Exclusion

There are other things that can be affected if you file separately. If you’re thinking about doing this, discuss your situation with your preparer.

​Premium Tax Credit (health insurance):
There is still no penalty for not having insurance.
If you get a reduced insurance premium through your state (Affordable Health Care) You still need to claim it on your tax return.  Be sure to bring in your 1095-A, not having it can delay refunds or cause you to pay in.

Stimulus Payments
You will receive a form – Notice 1444 from the IRS stating what you received for stimulus payments in 2020. If you did not get the amount you should have gotten, either too little or too much; this will be adjusted on your 2020 tax return, depending on IRS instructions still being drafted.

Minnesota and Wisconsin
There are no significant changes to the MN or WI returns for 2020.
 
 
 
 
Pricing
 
Due to the extra items involved with the 2020 taxes, we will be increasing our base price by $5 per filing location, so Federal and one State will now start at $150.

If your return involves any bookkeeping, including QuickBooks, spreadsheets, or going through receipts/bank statements before the tax return can be completed, this preparation will be billed at $75 per hour in addition to the cost of the tax return.

Tax Planning for 2021, and beyond, will also be billed out at $75/hour.

If we need to make a call to the IRS on your behalf, this could also result in a $75/hour charge, depending on the circumstances of the call.

For those clients that have dependents (children) on their tax return and want Serenity to complete their returns (if applicable), the price will stay at 50% of what the tax return would be priced at if it were not a dependent return.   

Important dates:
 
Start of IRS e-file acceptance:                                    Late January 2021
Federal/State 2020 filing deadline - Businesses:        Monday March 15, 2021
Federal/State 2020 filing deadline - 1040:                 Thursday, April 15, 2021
     Non-Profits       (990):                                                 Friday May 17, 2021
 
                                                             Estimated payments:
 Quarter 1 (Jan, Feb, Mar)                                           April 15, 2021
Quarter 2 (Apr, May)                                                   June 15, 2021
Quarter 3 (Jun, Jul, Aug)                                             September 15, 2021
Quarter 4 (Sept, Oct, Nov, Dec)                                 January 15, 2022
 
**Filing for an extension does NOT extend your payment deadline, so if you need to file an extension, please talk to your preparer about submitting a payment so that you do not incur penalties**
                                                                       
We are still offering our Referral Discount!
 
Your loyalty, support, and friendship to the Serenity family is why we are here.  We appreciate the opportunity to serve all your tax preparation needs. Your faith in us, through your personal recommendation to others, is humbling.  As usual, for your personal recommendations to new tax clients, we discount your next year’s tax preparation by $15 as a thank you. 
 
Because of the disruption that COVID-19 caused during the last tax season, referral letters did not get mailed out like they normally would. Rest assured; these discounts will be honored. We do have notes in everyone’s file but if you do not receive the letter we normally send out, and did refer someone for their 2019 tax return, please let your preparer know so that we can apply the discount for you. 
 
Sincerely,                Deni                     Sheri                    Dani                    DJ                  DiDi]]>Tue, 11 Aug 2020 15:54:22 GMThttps://www.serenityduluth.com/our-latest-news/back-to-school-deductionsWhat K-12 tax benefits does Minnesota offer?
Two Minnesota tax benefits help families pay their child’s education expenses: the K-12 Education Credit and the K-12 Education Subtraction.
Both benefits reduce your clients’ state tax and could provide a larger refund when filing Minnesota income tax returns. Last year, more than 36,000 families received the K-12 Education Credit and saved an average of $251. Nearly 192,000 families received the K-12 Education Subtraction.

Do my clients qualify for these tax benefits?
To qualify for either the credit or subtraction, both of these must be true:

• Your client has a qualifying child attending kindergarten through 12th grade at a public, private, or home school
• Your client purchased education-related expenses in 2020 to assist with the child’s education

Separate requirements apply for the credit and subtraction.

• K-12 Education Credit: Your client’s household income (taxable and nontaxable income) must be below the levels shown in the table. If they qualify for the credit but do not need to file a Minnesota return, they must file a return to claim a refund for the credit. If your client is married, they must file a joint return to qualify.

Number of qualifying children in K-12         Household income must be less than
1 or 2                                                                      $37,500
3                                                                             $39,500
4 or more                                                             Add $2,000 for each additional child

• K-12 Education Subtraction: There are no income limits for the education subtraction.

​What education-related expenses qualify? 
Most expenses for educational instruction or materials may qualify, including:

• Paper and notebooks
• Pens and pencils
• Nonreligious textbooks
• Rental or purchases of educational equipment, including musical instruments
• Computer hardware (hotspots, modems, and routers) and educational software (up to $200 for the subtraction and $200 for the credit)

After-school tutoring and educational summer camps taught by a qualified instructor]]>Fri, 24 Apr 2020 16:24:55 GMThttps://www.serenityduluth.com/our-latest-news/unemployment-benefitsWe have gotten confirmation that the extra $600 that many are getting in unemployment, is NOT having tax withheld nor can they fix this glitch.
I am sure you have already seen the full amount being deposited but just keep in mind that if you want MN to withhold tax, they cannot. Our advice is to set aside the amount that would normally be done on your other UI check (if possible). This is generally 10% for Federal ($60) and 5% for State ($30).
Please keep in mind that Unemployment Benefits are taxable so if you do not have any money withheld, you will be paying in those taxes at tax time...ie: if you normally get a refund, it will be reduced or potentially turned into owing money.
]]>Tue, 21 Apr 2020 22:54:00 GMThttps://www.serenityduluth.com/our-latest-news/small-business-grants-due-42320 2020 Fast Grants - Applications Due April 23!
The Duluth 1200 Fund has established a grant program called 2020 Fast Grants to support small businesses.

This program is to provide immediate financial assistance to businesses who have been negatively affected by the COVID-19 pandemic. The program is also intended to provide gap funding for businesses who have sought the Small Business Administration’s or Minnesota Department of Employment and Economic Development’s loan programs and have had a difficult time obtaining funding. The 2020 Fast Grants program is seeking to provide local support to preserve 1,200 jobs within the City of Duluth during the Covid-19 pandemic. The PDF application can be found online at www.1200fund.com and includes a list of supporting documentation to be submitted with the application.

Applications and questions should be submitted electronically to: 1200fund@duluthmn.gov. If you require the application or other materials in alternate formats, please email or call 218-730-5310.

Applications will be accepted NOW through 11:59 PM on Thursday, April 23, 2020. Depending on funding availability, additional grant rounds may occur.
Businesses are eligible if they meet the following criteria:

• Employ between two (2) and fifty (50) employees
• Gross revenues of $5,000,000 or less annually
• In operation within Duluth city limits prior to January 1, 2020
• Demonstrate that revenue has been impacted by Covid-19, and forced to close or significantly scale back operations under current executive orders
• Must be able to identify funding needs to support continued operations or reopening

Grant Amount: $10,000 per organization; current 1200 Fund borrowers are eligible for up to $20,000. Funding for the 2020 Fast Grants program is limited, and may be quickly exhausted if demand exceeds available funding. The 1200 Fund cannot guarantee that all eligible applicants will receive funding.
Other requirements: Grantees who have received the grant must provide a report to the 1200 Fund Board as to how the funding was spent.

U.S. Chamber of Commerce Foundation Offering $5,000 Grants to Small BusinessesThe U.S. Chamber of Commerce Foundation, through its “Save Small Business Fund,” is offering the opportunity for small businesses to receive a $5,000 grant to offset economic hardship experienced as a result of the Covid-19 pandemic.  

To qualify businesses must:
1.    Employ between 3 – 20 people
2.    Be located in an economically-vulnerable community
3.    Harmed financially by the Covid-19 pandemic
The application is now live. All you will need to apply is your business’s W-9 form. The application process takes 10 minutes. 
To see if a business qualifies, click here.

We are here to help. CONTACT US and we'll have someone contact you as soon as possible. 

COVID-19 Resources & UpdatesLatest updated COVID-19 Resources Financial Assistance FAQsNational Resources

• CARES Act for Small Business
• SBA Economic Injury Disaster Loans and Loan Advance
• Paycheck Protection Program (PPP) Loans
• Federal Tax Updates
• CDC COVID-19 Overview
• CDC Interim Guidance for Businesses and Employers

Minnesota Resources

• Navigating MN Unemployment - Video
• DEED Small Business Emergency Loans
• Guide for Minnesota Small Businesses Who Need Help (DEED)
• Emergency Child Care Grants - Applications Due April 15
• Special Enrollment Period for Uninsured Minnesotans
• Unemployment Benefits
• Minnesota Tax Updates

Wisconsin Resources

• WI SBDC Resource Page for Businesses

Local Resources (Community Specific)

• IEDC Small Business Relief Loan (Itasca County)​

   ]]>Thu, 16 Apr 2020 19:18:34 GMThttps://www.serenityduluth.com/our-latest-news/portal-infoWARNING

• Please tell your clients to access “Filers: Get Your Payment” only one time per day! If they access it more than one time per day, they will get locked out with possibly no way to get it unlocked!
• “Get My Payment is updated once daily, usually overnight. The IRS urges taxpayers to only use Get My Payment once a day given the large number of people receiving Economic Impact Payments.”  

Both “web-portals” are now available
 
Both tools (or web-portals) on IRS.gov are now live.  Economic Impact Payments
Tool 1:   “Filers: Get Your Payment” -- This is the tool where some people can update their Direct Deposit information.
Tool 2:   “Non-Filers: Enter Your Payment Info Here”  -- Non-filers means those who are not required to file a tax return.

Get My Payment” is working
 
The Get My Payment site is operating smoothly and effectively. As of mid-day today, more than 6.2 million taxpayers have successfully received their payment status and almost 1.1 million taxpayers have successfully provided banking information, ensuring a direct deposit will be quickly sent.
 
IRS is actively monitoring site volume; if site volume gets too high, users are sent to an online “waiting room” for a brief wait until space becomes available, much like private sector online sites. Media reports saying the tool “crashed” are inaccurate.
 
In situations where payment status is not available, the app will respond with “Status Not Available”.  The IRS reminds users you may receive this message for one of the following reasons:

• If you are not eligible for a payment (see IRS.gov on who is eligible and who is not eligible)
• If you are required to file a tax return and have not filed in tax year 2018 or 2019.
• If you recently filed your return or provided information through Non-Filers: Enter Your Payment Info on IRS.gov. Your payment status will be updated when processing is completed.
• If you are a SSA or RRB Form 1099 recipient, SSI or VA benefit recipient – the IRS is working with your agency to issue your payment; your information is not available in this app yet.

 
You can check the app again to see whether there has been an update to your information.  The IRS reminds taxpayers that Get My Payment data is updated once per day, so there’s no need to check back more frequently.
 


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