IRS Problems and Delays, Tax Season Updates and Deadlines!
We are staying on top of it ALL for YOU! Due to the government and IRS disruption from COVID-19...
We are staying on top of it ALL for YOU! Due to the government and IRS disruption from COVID-19...
On 12/21/2020 -- We provided you with much of this information before the newest Stimulus Bill was even signed into law on 12/27/2020 - EVEN BEFORE THE NEWS MEDIA! However, BELOW is the most current IMPORTANT information, further clarification, additions and reminders: 1. PPP Loan Forgiveness will...
Hi Everyone! If you are one of our valued bookkeeping and accounting clients that we take care of throughout the year, I just wanted to remind you that we now have a secure client portal for you to use to submit your ongoing financial information...
Take a look at Todd’s short video about this easy tax season process, and our new emailed tax organizer, so that we are able to take great care of you VIRTUALLY this tax season! With COVID-19 concerns, all of our clients have been contacting us about...
Here is what we know now. More details to come in the following weeks! AS OF 12/21/2020 What is in this NEW Stimulus Bill? Information from trusted sources is here NOW ready for you, our valued client! In a contiued effort to stay on top of the most...
Now, more than ever, many small business owners are working from home. While Zoom meeting after Zoom meeting can start to wear thin, removing the daily commute from one’s schedule is a huge bonus afforded to those working remotely these days. For many businesses, this...
As of today, September 28, 2020, the amount of business PPP loans that are forgiven are taxable. For federal purposes, PPP loan forgiveness may be excluded from gross income. However, the IRS issued “Notice 2020-32” in April 2020 stated that the expenses directly associated with the...
AS OF 8/7/2020 As we have stated in prior newsletters, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and other PPP related rules. Below are a few of the major and recent changes, and more changes will be...
Surviving business slow down, business continuation issues as well as negative IRS tax outcomes It is a good time to understand IRS tax strategies and business continuation strategies – especially while we are seeing a small business economic fallout. A handful of us in our EA and...
AS OF 6/29/2020 As we have stated in prior newsletters, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and other PPP related rules. Below are a few of the major and recent changes, and more changes will be forthcoming...