On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was singed into law by President Trump. The new CARES Act includes funding for small businesses by way of loans that may be converted to grants if certain conditions …
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CARES Act : Individual Tax Relief
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020, by President Trump. The CARES act provides relief provisions for both businesses and individuals. Individual recovery rebate/credit Under the …
Delay Tax Payment Deadline by 90 Days
It was announced on Tuesday, March 17, 2020 by Treasury Secretary Steven Mnuchin that taxpayers will have an additional 90 days to pay their income tax liability as a result to the conronavirus response. However, Secretary Mnuchin did …
Client Tax Return Process
Avoid Misclassification: Understand Independent Contractors
The best way to avoid misclassifying workers is to understand the defining characteristics of independent contractors — and then treat them as such. Use this infographic to help you identify independent contractors and understand how they are …
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