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 [...]
Right now, your highest priority is the health of those you love and yourself. If you have time to read about some non-medical but important matters related to the health crisis, however, here is a summary of ` already taken and federal tax legislation already enacted to ease tax compliance burdens and economic pain caused by [...]
This article was published by the IRS. The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) have announced that small and mid-size employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to [...]
