Town of Plymouth’s “COVID-19 Daily Update” – May 27, 2020

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 [...]

Common Errors to Avoid When Filing for Advance Payment of Employer Credits

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 [...]

Town of Plymouth’s “COVID-19 Daily Update” – May 20, 2020

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. [...]

Who Can Get More Economic Impact Payment Money for Children?

This article was published by the IRS. Millions of Americans have already received their Economic Impact Payments as the IRS continues to automatically send payments to more individuals. Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive their payment. The IRS will calculate the amount based on the income, filing status [...]

Town of Plymouth’s “COVID-19 Daily Update” – May 13, 2020

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 [...]