“Four score and 7 modifications to the PPP rules ago…” Today, U.S. Treasury Secretary Steven Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza released
Source: https://www.martindale.com/investments-law/article_Boylan-Code-LLP_2231906.htm Many small businesses, organized as S corporations, encounter the problem of cash shortfalls at some point in their existence. As a result, S
In the 1990’s, a key retirement planning study was published by three Professors from Trinity University, often referred to as The Trinity Study. The Trinity Trio
Rev. Proc. 2020-32 provides the 2021 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code. For
The IRS will add 3,500 telephone representatives to answer some of the most common questions about Economic Impact Payments. IRS telephone assistance and other services will remain
The Office of Chief Counsel of the Internal Revenue Service issued Memorandum 201912001 on 03/22/2019 addressing whether health insurance costs of employee family members of
Read more: https://www.irs.gov/pub/irs-drop/n-20-32.pdf
Learn how your state may change its tax payment and filing deadlines due to COVID-19. In response to COVID-19, some state tax agencies have either
The IRS has launched a new Get My Payment tool with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information.
New SBA PPP Loan guidance for sole-proprietorship and partnerships was issued late on 4/14/20. The 2019 Sch C is required for determining the amount of
The CARES Act provides a refundable payroll tax credit (against employER portion of Social Security Tax) for 50 percent of wages paid by employers to
Section. 2302(a)(1) of the CARES Act allows taxpayers to defer paying the employer portion of the social security taxes on payroll beginning on 3/27/20 (date