This article was published by the IRS. Frequently Asked Questions General Information Determining the Amount of the Tax Credit for Qualified Sick Leave Wages Determining the Amount of the Tax Credit for Qualified Family Leave Wages Determining the Amount of Allocable Qualified Health Plan Expenses How to Claim the Credits How Should an Employer Substantiate Eligibility [...]
In this week’s Wednesday episode (April 29, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather Cozby gave an encouraging update: over the last week, she's seen money flowing through all the program channels, including stimulus payments, federal unemployment payments, PPP funds, and economic injury disaster loans. Individuals and businesses may not be notified when [...]
In this week’s Wednesday episode (April 22, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather Cozby provided additional clarification as to who qualifies for the economic stimulus payments, whether they are considered taxable, and whether any portion of these payments will need to be refunded should personal circumstances change in the year ahead. She [...]
There is a lot of conflicting information regarding the stimulus checks going out to a significant amount of Americans. It is important to separate facts from speculation. Some are wondering whether or not the stimulus checks, which top out at $1200 per taxpaying adult, will be subtracted from next year's taxes. The simple answer is no. [...]
In this week's Wednesday episode (April 8, 2020) of the Town of Plymouth's "COVID-19 Daily Update," Heather Cozby addressed the gap between the government programs being set up and the current lack of cash flow. She discussed the status of the Economic Stimulus Payments and Payroll Protection Program, as well as unemployment benefits and Economic Disaster [...]
