The Path Forward After PPP Loans & Lockdown
The next 120 days will be critical and cash flow will be key. On the horizon is the new tax day deadline, 2020 estimates and PPP Loan forgiveness. And you still need to figure out how to restart your business. Click below to access our blueprint of things to think about, how to plan for the next four months and through the end of the year.
Answers to your COVID-19 Tax Questions
If you’re like most Americans, the coronavirus (COVID-19) pandemic has led to many questions. Health issues are of utmost concern but you may also have many financial questions. Here are some answers.
Hiring Independent Contractors? What You Need to Know
During these tough times, your business may be saving money by using independent contractors, rather than hiring employees. Make sure to follow all the rules or you could hear from the IRS.
Selected CARES Act Tax Provisions
By Jack Kiley, CPA On March 27, the Government moved with uncharacteristic speed to pass what is called the Coronavirus Aid, Relief, and Economic Security Act more commonly known as the CARES Act. This massive 800-page bill includes aid on support for specific...
Your Economic Impact Payment Questions, Answered.
As the Economic Impact Payments (EIPs) continue to go out, the IRS has released information about why you might not have gotten a payment. There’s also a new tool to check the status of your EIP.
Eligible IRA Withdrawals Now Penalty-free
Fun fact: The CARES Act makes it easier to take hardship distributions from retirement accounts.
Retirement Plan and Charitable Contribution Rule Changes
During the COVID-19 crisis, many people and charitable organizations need cash. The new CARES Act may provide some solutions.
The New COVID-19 Law Provides Businesses with More Relief
Another coronavirus (COVID-19) law has been enacted and it provides some relief to businesses and employers that are suffering. This article provides some highlights.
Why you Should Keep Life Insurance out of Your Estate
You bought life insurance to protect your family or other beneficiaries. Here’s how to avoid having the benefits be subject to federal estate tax.
The 2019 Gift Tax Return Deadline is Coming up
April 15 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2019 gift tax return this April (or if you may want to file one anyway).