IRS Provides Answers to a Few Coronavirus-Related Distribution Questions
Need to tap your retirement accounts for coronavirus-related reasons? We explain how the IRS is addressing the tax issues.
Economic Impact Payments: Deadline to Provide Direct Deposit Info
The IRS announced Friday that time is running out for taxpayers to go to the Get My Payment website to enter their direct deposit information in order to receive an electronic economic impact payment (IR-2020-92). Taxpayers must enter their bank account information, if needed, by noon on Wednesday, May 13. After that date, any stimulus payments that have not been processed will be transferred to the Bureau of Fiscal Services for paper checks to be delivered, which the IRS estimates will arrive beginning in late May to early June.
Reopening a Business After the Coronavirus Shutdown
As a business owner, there is a lot you need to consider before you reopen your doors. Our friends at Pritchard & Jerden compiled some best practices to consider before opening your business back up to the public.
Our Recommended Documentation for SBA Payroll Protection Program Loan Forgiveness
Documentation is going to play a big part in getting your PPP loan forgiven. Don’t wait eight weeks to start collecting proof. Here is our advice for starting now.
A Pandemic Doesn’t Stop Cybercriminals
Criminals don’t take a break during a pandemic. Learn how one client almost lost over $90,0000 because of malware!
Is Your Insurance Carrier Offering an Auto Insurance Rebate?
With fewer drivers on the roads because of the shelter-in-place orders, many major insurance carriers are giving policy holders rebates in April and May.
Should We be Looking at Roth Conversions During This Market Downturn?
Market downturns stink for investors, but they often present opportunities for tax savings. Should you consider a Roth Conversion?
Applied for EIDL Funds Before They Were Depleted?
Applied for EIDL funds before they ran out? If the window to apply reopens, you may have to reapply depending on your application number.
COVID-19: Benefit Related FAQ
As an employer, you need to know how COVID-19 affects your employees’ benefits. Our friends at Pritchard & Jerden supplied this great FAQ for dealing with benefit issues during this crisis.
How to Make Unemployment Work for You: CARES Act—Expansion of Unemployment Benefits
If you found yourself unemployed/underemployed by COVID-19, the government has provided an estimated $260 billion in expanded unemployment insurance benefits.