Last updated: April 10, 2020 The IRS recently issued Notice 2020-23, which provides additional relief to filing and payment deadlines in response to the COVID-19 pandemic.
CARES Act Summary (updated 4/9/20): Click here
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 pandemic.
IRS released the below Frequently Asked Questions (FAQs), and provided a new Form 7200 for employers to apply for a refund of their credits in excess of their payroll tax deposits.
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Posted March 23, 2020 Last updated March 26, 2020
The Families First Coronavirus Response Act was signed into law on Wednesday, March 18, 2020.
March 19, 2020
Do you own a business but haven’t gotten around to setting up a tax-advantaged retirement plan? Fortunately, it’s not too late to establish one and reduce your 2019 tax bill.
If you’re the owner of an incorporated business, you probably know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason is simple.