Congress is discussing making more direct payments to eligible individuals to help mitigate the financial effects of COVID-19. But two Democratic members have expressed concern that >>
Category: News
The IRS has issued temporary regulations on assessing the erroneous refunds of employment tax credits.
The IRS has issued temporary regulations on assessing the erroneous refunds of employment tax credits. They provide rules for reconciling advance payments, and recapturing the benefit >>
External audits offer many benefits to nonprofits
Most nonprofits conduct internal audits on a regular basis. These audits promote fiscal responsibility, but they’re conducted by people inside the organization who may not have >>
Depreciation Dollar Amounts for Business Passenger Automobiles
The IRS has issued depreciation dollar limits for business passenger automobiles placed in service during calendar year 2020. For passenger automobiles acquired after Sept. 27, 2017, >>
PPP loan application date extended to August 8, 2020
On July 4, President Trump signed a bill that gives businesses more time to seek federally backed loans. It extends the Paycheck Protection Program (PPP) loan >>
How to claim the Employee Retention Tax Credit
Coronavirus / COVID-19 relief efforts July is the first reporting period since many of the COVID-19 pandemic relief options have gone into effect. In response, Form >>
Congratulations Jake Carter!
JCCS is proud to announce that Jake Carter, CPA is our newest Shareholder. Jake has been with JCCS since 2013. He received his BS in Accounting >>
Do you work in the “gig economy?” It’s also called the sharing or access economy, and generally depends on a digital platform. Gig work has been >>
File & pay your current tax liabilites by July 15th
Taxpayers were given extra time to file and pay current tax liabilities, in response to the COVID-19 pandemic. Absent another extension, the deadline of July 15, >>
403(b) Retirement Plan – Extended Remedial Amendment deadline
The IRS has issued a reminder that the 403(b) retirement plan extended remedial amendment deadline is fast approaching. Remedial amendment period actions that were otherwise required >>
