Tag: business tax

Breaking Down Section 4001 of the CARES Act
CARES Act Signed Into Law to Provide COVID-19 Relief

Key provisions of the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief…

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Tax Extension Frequently Asked Questions
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 for COVID-19 Mandated Paid Leave
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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COVID-19: Calculating A Business of Fewer Than 500 Employees
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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April 15th Tax Deadline Delayed to July 15th
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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Qualified Disaster Payments for COVID-19 Relief
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 for COVID-19 Relief
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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MA Sales Tax Postponed for Businesses
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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Treasury Delays April 15th Tax Deadline
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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Changes to Meal and Entertainment Deductions
IRS Proposes Changes to Meals and Entertainment Deductions

Last week, the IRS issued proposed changes to the rules governing the deduction of business-related…

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