Exciting News! PPP Forgiveness is Here!

Exciting News! PPP Forgiveness is Here!

Are you an employer who received a PPP loan and were waiting to find out if the IRS guidelines of non-deductibility were going to remain, or if Congress was going to make an adjustment? Well, I have great news for you! As of Monday, December 21st, Congress passed a...
Beware of New Tax and Coronavirus Payment Scams

Beware of New Tax and Coronavirus Payment Scams

The Criminal Investigation (CI) division of the IRS has recently reported a variety of scams related to the COVID-19 pandemic. Cons involving economic impact payments (EIPs) have been common over the last several months. While these operations are still a cause of...
Should You Offer the Payroll Tax Deferral?

Should You Offer the Payroll Tax Deferral?

Are you an employer who wonders if you should offer the payroll tax holiday to your employees, or are you curious about how that tax would be repaid? Basically, the law states that payroll taxes can be deferred from September through December 2020. And recently, the...
Unemployment Benefits are Taxable

Unemployment Benefits are Taxable

Are you a worker who’s collecting unemployment benefits or an entrepreneur who had assistance through your state agency? Are you aware that these unemployment benefits are taxable and you may end up with a large tax bill in 2021 for this year’s return? To...

Pin It on Pinterest