Business Tax Provisions of the CARES Act
The CARES Act aims to help businesses keep employees during closures because of COVID-19. Learn more about the Employee Retention Credit and Delaying Payroll Taxes.
IRS Issues Guidance on Tax Credits for Coronavirus Paid Leave
Check out this bulletin prepared by our friends at Pritchard & Jerden, Inc. that details how small and midsize employers can use two new refundable payroll tax credits for coronavirus paid leave.
CARES Act: Economic Impact Payments Issued Within Three Weeks via Direct Deposit
Thanks to the CARES Act, your Economic Impact Payment of up to $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child will be deposited directly into the same bank account used on your tax return within three weeks.
CARES Act: Required Minimum Distributions waived, but I already took my 2020 RMD!
If you have already taken your 2020 RMD, and you don’t need the money, the CARES Act gives you some options.
What You Need To Know: Coronavirus and Your Taxes
The COVID-19 outbreak is affecting every facet of our lives—including our taxes. This article addresses frequently asked questions about how you may be impacted.
Tax Relief Provided by The CARES Act
There are several tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act for both individuals and businesses.
CARES Act: Special Rules for Retirement Plans
In this special series covering the CARES Act, we start with sections 2202 and 2203, as they can provide some immediate relief if needed.
Five Things You Need to Know About Sales Taxes in QuickBooks Online
The most important thing you need to know about sales tax in QuickBooks is that administering it correctly can be challenging
Families First Coronavirus Response Act Signed into Law
We have gathered information from trusted resources to provide you the following detail regarding The Families First Coronavirus Response Act.
No Employees This Quarter? You Still May Need to File IRS Form 941
The need to file IRS Form 941 is more common than you think.