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

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 [...]

Economic Impact Payments Being Sent by Prepaid Debit Cards, Arrive in Plain Envelope

This article was published by the IRS. As Economic Impact Payments continue to be successfully delivered, the Internal Revenue Service is reminding taxpayers that some payments are being sent by prepaid debit card. The debit cards arrive in a plain envelope from "Money Network Cardholder Services." Nearly 4 million people are being sent their Economic Impact [...]

IRS Phone Scams

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 [...]

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 [...]

Common Errors to Avoid When Filing for Advance Payment of Employer Credits

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 [...]