In this week’s Monday episode (June 1, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that although there aren't many changes since last week, there are three items in the pipeline of which small businesses should be aware. Although the first round of stimulus payments hasn't yet been fully dispersed, Sen. McConnell is [...]
In this week’s Wednesday episode (May 27, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that she still hasn't seen movement on fixing the issue of expenses being deductible regarding the PPP loans, which will directly impact how many taxes are owed at the end of the year. The AICPA is working hard [...]
This article was published by the IRS. Employers who are filing Form 7200, Advance Payment of Employer Credits Due to COVID-19 should read the instructions carefully and take their time when completing this form to avoid mistakes. Using a reputable tax preparer – including certified public accountants, enrolled agents or other knowledgeable tax professionals – can [...]
In this week’s Wednesday episode (May 20, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather Cozby reported that stimulus payments and unemployment payments are in full swing now. There are approximately 10 million stimulus payments that have not gone out yet, of which approximately 4 million will be sent out as pre-paid debit cards. [...]
In this week’s Wednesday episode (May 13, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather Cozby reported that the Massachusetts Department of Unemployment is now texting applicants. If you've been waiting for a callback on your application, pay attention to your texts. They may appear at first to be a scam, but could be [...]
