Category: Tax
How SMBs Can Take Advantage of SBA Loans and Payroll Tax Incentives
Businesses should quickly consider how provisions of the CARES Act - including the Paycheck Protection…
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CARES Act Fixed the ‘Retail Glitch’ to Make Qualified Improvement Property Eligible for Bonus Depreciation
Based on a technical correction under the CARES Act, qualified improvement property (QIP) placed in…
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FAQ: Federal Tax Filing & Payment Extension
Summary of IRS frequently asked questions to provide additional clarification and guidance regarding the application…
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Payroll Tax Credits & Rapid Refunds for Employers Making COVID-19 Leave Payments
The IRS has just clarified that employers can subtract the cost of the new mandated…
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Calculating If You Have ‘Fewer Than 500 Employees’ for COVID-19 Mandates
The Families First Coronavirus Response Act (H.R. 6201) became law on March 18, 2020. Among…
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IRS Extends Federal Tax Filing Deadline to July 15th
The tax filing deadline was officially extended to July 15th, giving individual, trust and corporate…
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COVID-19: Employers Can Provide Tax-Free Disaster Payments
Now that the COVID-19 has been declared a national emergency, Internal Revenue Code Section 139…
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Federal Aid Package Helps Individuals Affected by COVID-19
The Families First Coronavirus Response Act (H.R. 6201), became law on March 18, 2020. The…
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Massachusetts Postpones Collection of Business Sales & Other Taxes
Massachusetts Governor Charlie Baker's administration announced it was postponing the collection of regular sales tax,…
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Updated: U.S. Treasury Delays April 15th Tax Payment Deadline
The IRS will suspend penalties and interest for up to 90 days for payments related…
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