Town of Plymouth’s “COVID-19 Daily Update” – April 29, 2020

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 [...]

Town of Plymouth’s “COVID-19 Daily Update” – April 8, 2020

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 [...]

Economic Impact Payments: What You Need to Know

This article was published by the IRS. Check IRS.gov for the latest information: No action needed by most people at this time.  The Treasury Department and the Internal Revenue Service have announced that distribution of economic impact payments will begin in April and will be distributed automatically, with no action required for most people. However, some [...]

Tax Rule Changes for Improvements to Interior Parts of Nonresidential Buildings

We wanted to alert you to a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings ("qualified improvement property" or "QIP"). You may recall that following the 2017 Tax Cuts and Jobs Act ("TCJA"), any QIP placed in service after Dec. 31, 2017 was not considered to be eligible for [...]

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 [...]