In this week’s Monday episode (June 1, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that although there aren't many changes since last week, there are three items in the pipeline of which small businesses should be aware. Although the first round of stimulus payments hasn't yet been fully dispersed, Sen. McConnell is [...]
This video was published by the IRS. If you have a phone, there's a good chance that some day you will be called by a phone scammer. Watch out for phone scammers pretending to be the IRS. In most cases, first contact from the Internal Revenue Service will come in the form of an official notice [...]
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 [...]
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 [...]
This video was published by the IRS. Wondering when you're going to get your Economic Impact Payment? Find out by going to IRS.gov/EIP. Get My Payment will tell you your payment status and delivery type when it's available. Remember, most eligible taxpayers don't need to do anything to get these payments. They're automatic if you file [...]
