Get Ahead of the Next Economic Downturn
The COVID-19 pandemic has affected everyone in one way or another. For many, the shutdowns, furloughs and layoffs were an eye-opening experience in how quickly one’s >>
Category: News
The IRS provides relief from bad check penalties –
Due to delays in processing, the IRS is providing relief from bad check penalties for dishonored checks it received between March 1, 2020, and July 15, >>
IRS reopens registration for those who didn’t receive a $500-per-child Economic Impact Payment earlier this year.
The IRS has reopened the registration period for those who didn’t receive $500-per-child Economic Impact Payments (EIPs) earlier this year. Certain federal benefit recipients are urged >>
Thoughtful onboarding is more important than ever
Although many businesses have had to reduce their workforces because of the COVID-19 pandemic, others are hiring or may start adding employees in the weeks or >>
Pandemic Impact: Options for Retirement Fund Holders
On March 27, 2020, Congress passed the Coronavirus Aid, Relief and Economic Security Act to help United States workers and businesses deal with the impact of >>
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 >>
