Tax

March 31, 20200

On March 27, President Trump signed a historic stimulus bill: the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This legislation’s many provisions provide emergency relief for those suffering financial hardships due to COVID-19 including individuals, businesses, state and local governments, and the health care system. The CARES Act is in addition to the Families First Coronavirus Response Act (FFCRA) which President Trump signed into law on March 18. FFCRA makes substantial changes to sick and family and medical leave for businesses and employees amid the emerging COVID-19 pandemic.

March 23, 20200

It was announced on March 20 that Tax Day would be postponed from April 15 to July 15 to coincide with the delayed tax payment deadline at the direction of President Trump. Treasury Secretary Steven Mnuchin announced the postponement via Twitter, stating that all taxpayers and businesses will have until July 15 to file and make payments without interest or penalties. We know you have lots of questions. Below is a summary of the 10 most common questions and the IRS’s response.

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January 28, 2020

2020 is here, and it’s a chance for a fresh start for your business. Milestone years can be motivational in making the business improvements you may have been delaying, and it’s an opportune time to set the tone for the next 10 years. From taxes, to accounting, to processes and growth, here are some tips we’ve compiled to help you make the most of 2020.

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March 12, 2019

Recent tax reform requires you to make changes to your company’s accounting. The Tax Cuts and Jobs Act (TCJA) that was passed in December 2017 and takes effect this year has created more headlines that you can count. You’ve probably heard about reduced tax rates, an increase in the standard deduction and possibly even a qualified business income deduction for pass-through entities.