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 [...]

COVID-19-Related Tax Credits for Required Paid Leave Provided by Small and Midsize Businesses FAQs

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 [...]

Tax Relief Provided by the CARES Act

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 [...]

Town of Plymouth’s “COVID-19 Daily Update” – April 1, 2020

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 [...]

Federal Government Tax-Related Actions Taken to Date Regarding COVID-19

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 [...]

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