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Retirement Plan Withdrawals Can Be Less Taxing
Generally withdrawing retirement account funds can be an expensive endeavor due to the taxes you have to pay on the transaction. However, a provision of the CARES Act allows tax-favored […]
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Retention Tax Credit Brings Financial Relief for Employers
The Coronavirus Aid, Relief and Economic Security (CARES) Act created a number of relief vehicles to help business remain afloat. One that is not covered as much as some of […]
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PPP Forgiveness Application Released But Expect More Changes Soon
Over the weekend, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. If you have received a PPP Loan, this document provides detailed directions on how […]
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SBA Releases New Guidance on PPP Loan Forgiveness
As businesses are starting to receive their Paycheck Protection Program (PPP) loans, the concern moves from whether business owners will receive the assistance to what, and how, to collect the […]
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PPP Loan Forgiveness and Tax Implications
Are you a recipient of a Paycheck Protection Program (PPP) loan? While there have been some hiccups in the program’s rollout, we are hearing that more and more people are finally […]
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IRS Works to Ease Tax Burden
The IRS recently announced a series of steps to ease the burden for people who owe taxes in the wake of the COVID-19 emergency. Here are some of the highlights […]
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Recent Developments and Observations
We have been doing our best to keep you up-to-date on everything going on in relation to COVID-19 and its impact on businesses and taxes. As we start hearing rumblings […]
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Keep Calm but Know the Options About 401(k) Contributions
The impacts of the COVID-10 pandemic will be felt for years. Employers and employees are both looking for ways to deal with and reposed to the financial stress caused by the […]
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Viewing Current Market Trends through a Historical Lens
We’d all be pulling our hair out if we looked at the status of our investment every day. One day we are up; the next we are down. As employers, […]
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Tax Deadlines Further Extended
After some confusion and patchwork extensions, the IRS issued Notice 2020-23 which provided a somewhat blanket extension for most income tax returns. Basically, any federal returns typically due between April 1 and July […]
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Raising Financially Responsible Kids
If you help your kids understand money when they’re young, they’re more likely to develop sound financial habits when they’re adults. Of course, you’ll want to tailor the information to […]
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The Federal Reserve Will Inject $2.3 Trillion into the U.S. Economy
It looks like more money, up to $2.3 trillion, will be available in the form of loans to help households, employers and state and local governments during the coronavirus pandemic. […]
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