We wanted to alert you to a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings ("qualified improvement property" or "QIP"). You may recall that following the 2017 Tax Cuts and Jobs Act ("TCJA"), any QIP placed in service after Dec. 31, 2017 was not considered to be eligible for [...]
Along with the paramount health concerns right now, you may be wondering about some of the recent tax changes meant to help everyone coping with the coronavirus fallout. I want to update you on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress' gigantic economic stimulus package that the President signed [...]
We hope many of you were able to tune in to the Town of Plymouth's "COVID-19 Daily Update" on PAC-TV Wednesday to hear Heather give a big picture overview of the current situation from her industry perspective. If you missed it, here's the video above. Heather has been asked to appear on the show every Wednesday [...]
The following represents a summary of the recently-signed-into-law CARES Act - also referred to as the Stimulus Package. Specifically, we are providing a summary of the Paycheck Protection Program. Title 1 of the CARES Act, entitled "Keeping American Workers Paid and Employed Act," provides relief for small businesses and their employees who are adversely affected by [...]
Today CPA Heather Cozby will be live at noon on the Town of Plymouth’s "COVID-19 Daily Update" on PACTV, giving a big picture overview from her industry perspective. The daily forum is hosted by Town Moderator Steve Triffletti as a way to provide verified information from trusted sources to Plymouth residents who are facing information overload [...]
