COVID Information |
News | 04/14/2020 | COVID Related
The CARES Act Provision Allows Deferral of Social Security Tax Payments
April 14, 2020 - The IRS has recently come out with guidance regarding the ability to defer payment of the "employers portion" of social security tax under the CARES Act (The Act).
News | 04/10/2020 | COVID Related
Custom Accounting Solutions (CAS): Free to Focus in Challenging Times
April 10, 2020 - The COVID-19 pandemic has created anxiety and a disruption to business owners. Business owners are facing extreme concerns about the health of their employees along with the well-being of their business. Back office…
News | 04/10/2020 | COVID Related
Notice 2020-23 Extended Additional Key Tax Deadlines for Individuals and Businesses
April 14, 2020 - On April 9, 2020 the Treasury Department and IRS announced Notice 2020-23 which expands on previous relief provisions for affected taxpayers related to COVID-19 and (1) provides postponement of due dates with respect to…
News | 04/03/2020 | COVID Related
Impact of the CARES Act on Not-for-Profit Organizations
April 3, 2020 - On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “Act”), a $2 trillion economic stimulus package intended to provide needed assistance to individuals,…
News | 04/02/2020 | COVID Related
Gift Tax Returns Added to July 15 Tax Filing Deadline
April 2, 2020 - On March 20, 2020, the IRS published Notice 2020-18 postponing both the filing and payment deadlines for income tax returns from April 15 to July 15, 2020.
News | 03/30/2020 | COVID Related
CARES Act: Retirement Plan Provisions
March 29, 2020 - The stimulus package signed into law on March 27, 2020 gives financial relief to retirement plan participants who have been affected by COVID-19. Some of the key provisions include:
News | 03/30/2020 | COVID Related
Paycheck Protection Program (PPP) - CARES Act Section 1102 & Small Business Administration (Economic Injury Disaster Loan)
March 30, 2020 - The $2.2 trillion coronavirus stimulus bill was enacted by Congress on March 27, 2020.
News | 03/30/2020 | COVID Related
Employee Retention Credit for Employers Subject to Closure due to COVID-19 (Section 2301 of the CARES Act)
March 30, 2020 - While the Families First Coronavirus Response Act (FFCRA) allows payroll credits for employers who are required to provide paid leave to employees affected by COVID-19, the employee retention credit under the CARES Act…
News | 03/27/2020 | COVID Related
Coronavirus Aid, Relief and Economic Security (CARES) Act
March 27, 2020 - Millions of American businesses have anxiously awaited the passage of the Coronavirus Aid, Relief and Economic Security (CARES) Act.
The Focus - Our Tax E-Newsletter | 03/26/2020 | COVID Related
Families First Coronavirus Response Act
March 26, 2020 - In response to the COVID-19 crises, both the State and Federal governments have enacted laws making paid leave available to some employees impacted by the spread of the virus. Employees may be entitled to leave under the…
The Focus - Our Tax E-Newsletter | 03/26/2020 | COVID Related
Tax Information Update & COVID-19 Resource Center
March 26, 2020 - Currently, the April 15, 2020 filing and payment deadline for the IRS has been changed: