Looking Beyond Traditional Accounting Roles
Welcome to the New Edition of the JNR Messenger
To our clients and friends:

We are so excited to introduce you to our new and improved newsletter, The JNR Messenger. Our goal is to communicate important and timely information to keep you up-to-date and informed. Please don't hesitate to send us a message to let us know how we're doing, ask questions, or to have us cover a topic you would like to know more about.
Highlights of the American Rescue Plan Act of 2021
The American Rescue Plan Act (ARPA) contains several tax provisions affecting individuals and families. Let's take a look:
Coronavirus-Related Distributions and Loans
The Coronavirus, Aid, Relief, and Economic Security (CARES) Act made it easier to
access savings in IRAs and workplace retirement plans for those affected by the coronavirus. This relief provided favorable tax treatment for certain withdrawals from retirement plans and IRAs, including expanded loan options.
Avoiding an IRS Tax Audit
Just 0.45 percent of taxpayers were audited in fiscal year 2019. Still, with taxes becoming more complicated every year, there is an even greater possibility of confusion turning into a tax mistake and an IRS audit. Avoiding “red flags” like the ones listed in this article could help.
Jarrard, Nowell & Russell, LLC
P.O. Box 22075, Charleston, SC 29413
(843) 723-2768 Phone
(843) 722-0155 Fax
www.jnrcpas.com
info@jnrcpas.com