Russell & Company, LLC

06/19/2023

Russell & Co, LLC is seeking a full-time or part-time tax professional to provide accounting services to multiple small business clients and individual clients: bookkeeping; individual, partnership, and corporate tax returns; payroll tax returns. No travel required. Compensation negotiable based on experience. Preference given to applicants with an active CPA license. E-mail resumes to [email protected].

05/05/2021

"Individuals and households affected by severe storms, straight-line winds, and tornadoes that reside or have a business in Bibb, Calhoun, Clay, Hale, Jefferson, Perry, Randolph, and Shelby counties qualify for tax relief. The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after March 25, 2021, and before August 2, 2021 are postponed through August 2, 2021. This includes the May 17 deadline for filing 2020 individual income tax returns and paying any tax due. Taxpayers also have until August 2 to make 2020 IRA contributions."

AL-2021-01, April 29, 2021 — Victims of severe storms, flooding, landslides and mudslides that began March 25, 2021 now have until August 2, 2021, to file various individual and business tax returns and make tax payments, the IRS announced today.

04/26/2021

Russell & Company, LLC is proud to sponsor Denim & Dining this Friday for the Hoover City Schools Foundation!

Our Denim & Dining Sponsors are just the best! Get your tickets before the price increases on April 23. Visit www.hoovercsf.org/events today!

03/18/2021

IR-2021-59, March 17, 2021 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

12/30/2020

Second round of economic impact payments.

and the Treasury Department began a second round of Economic Impact Payments to millions of Americans. There is no action required by eligible individuals to receive this new payment. Initial direct deposit payments have started arriving for some and continue into next week for many. Paper checks have started being mailed starting today and continue into January.

Some people may see the direct deposit payments as pending before the official payment date of Jan. 4, 2021. Please keep in mind that the payments are automatic, and you don’t need to contact your financial institution or the IRS with payment timing questions.

Most recipients will receive payments by direct deposit. People who got the first payments via Direct Express will receive this second payment the same way. For anyone who receives payments by check or debit card, these will be mailed through January. Carefully check your mail. Eligible individuals who didn’t receive an Economic Impact Payment this year – either the first or the second payment -- will be able to claim it when they file their 2020 taxes in 2021. You can check the status of your payments in a few days by using the Get My Payment tool, available in English and Spanish on IRS.gov.

For details, see: https://go.usa.gov/xAK4f

05/16/2020

PPP loan forgiveness application just released

Washington—Today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.

04/13/2020

To help everyone check the status of their Economic Impact Payment, IRS is launching a tool that will provide the status of a payment, including the date it’s scheduled to be deposited or mailed. www.irs.gov/eip

03/30/2020

IRS will share details about the economic impact payment as soon as it’s available. The IRS will NOT contact you to ask you to pay a fee or confirm personal information – IT IS A SCAM. Stay informed: www.irs.gov/coronavirus

03/27/2020

We are actively monitoring the new Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and how it may benefit you and your small business. If you have questions specific to your business or situation, please feel free to give us a call.

03/25/2020

IRS has posted answers to frequently asked questions on the filing and payment tax relief provided in response to the ongoing COVID-19 emergency. These questions and answers will be updated periodically. See www.irs.gov/coronavirus

03/23/2020

            On March 23, 2020, Governor Ivey issued an emergency order (Order) pursuant to § 31-9-6(11), Code of Alabama 1975, delegating to the Commissioner of Revenue the authority to postpone the April 15, 2020, due date for the payment of the following state taxes until July 15, 2020...