July 1, 2020
It’s hard to believe that we are already into July. Even with the deadline for filing your return and making a payment (if you owe) being extended to July 15, 2020, it still seemed like it came upon us fast. With only a few weeks left, be sure to get any final documents to us and answer any outstanding communications immediately.
Here are a few basic tax season reminders:
As we continue to adjust to the new normal, we want to remind everyone to continue to be safe this summer. And here’s to a very happy July 4th!
Please reach out to us if you have any questions or concerns regarding your tax return.
Do online reviews help or hurt a business? Depending on the type of review, of course, it could go either way.
President Trump’s Payroll Tax Deferral Executive Order
The IRS issued Notice 2020-65 to clarify the Executive Order to allow employers the option to temporarily defers the collection and payment of certain payroll taxes. The order allows employers to postpone the collection and remittance from now through...
Banks are now accepting applications for PPP loan forgiveness. However, many banks are suggesting that borrower’s with PPP loans under $150,000 wait until Congress reconvenes and acts on pending legislation that would automatically forgive any PPP loan under $150,000. Congress is expected to act on this legislation during the second half of September.
We believe that for...