New COVID-19 Fraud Schemes
Like the coronavirus (COVID-19) pathogen itself, incidents of COVID-19 fraud are surging and financial losses are piling up. The Federal Trade Commission (FTC) reports that the number […]
IRS Q&A on CARES Act Employee Retention Tax Credit
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable employee retention tax credit for 50% of wages paid by […]
New SBA Website Discusses CARES Act Relief
On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, PL 116-136). Among other provisions, the CARES Act contains several new […]
Expanded Coverage of the CARES Act
This post provides expanded coverage of the CARES Act, Congress’s gigantic economic stimulus package that the President signed into law on March 27, 2020.
CARES Act Provides More Tax Relief for Businesses
On 3/27/20, President Trump signed into law another coronavirus (COVID-19) law. The CARES Act provides more tax […]
Coronavirus Tax Relief for Small Businesses
Businesses across the country are being affected by the worldwide pandemic. Fortunately, Congress recently passed Coronavirus tax relief for small businesses. In a separate development, the IRS has issued […]
Tax Credit for Businesses Whose Employees Receive Tips
Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit for businesses involving […]
Tax Limits Affecting Businesses Increased for 2020
How much can your employees contribute to 401(k) plans this year? How much do employees have to earn in 2020 before they can stop paying Social […]
2020 Business Mileage Rates Decrease
This year, the optional 2020 business mileage rates used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, […]
Employers Must Disclose Retirement Income to Employees
As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers and individuals. One of […]
