4.7.20
Answers to Questions About the CARES Act Employee Retention Tax Credit
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…
4.7.20
The Small Business Administration Launches the Paycheck Protection Program
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) allocates nearly $350 billion to a new lending program through the Small Business Administration (SBA),…
4.2.20
COVID-19 Stimulus Package Offers Relief to Affected Individual Taxpayers
To help mitigate the financial and health crises related to the coronavirus (COVID-19), on Friday, March 27, 2020, President Trump signed into law the largest…
4.2.20
CARES Act Provides COVID-19 Pandemic Relief to Businesses
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to address the financial and health care…
3.26.20
CARES Act Will Provide Billions of Dollars of Relief to Individuals, Businesses, State and Local Governments, and the Health Care System
After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has been reached on a massive stimulus…
3.25.20
New Revenue Recognition Rules for 2019 May Create Significant Challenges for Manufacturers
We have been talking about this for quite some time, and it is finally here. Effective for 2019 calendar year-end reporting, private company revenue recognition…
3.25.20
How to Handle COVID-19-Related Layoffs
The twin crises of a pandemic and a plunging market have pummeled a lot of businesses — many have already started laying off employees, and…
3.24.20
Putting the Work Opportunity Tax Credit to Work for You
The Work Opportunity Tax Credit (WOTC) is a Federal income tax credit available to all employers who hire individuals from certain targeted groups, who historically…
3.23.20
The IRS Announces That Income Tax Payments Due April 15 Can Be Deferred to July 15, Regardless of the Amount
The IRS and the U.S. Treasury Department have been making a series of announcements to provide tax relief in the wake of the coronavirus (COVID-19)…
3.23.20
Fraudsters Are Using COVID-19 to Fleece Americans
As governments around the globe mobilize to defend their populations from the novel coronavirus (COVID-19), criminals are also mobilizing — to fleece people. These opportunists…