Before you file your 2nd Quarter Payroll Tax Reports, check out the Employee Retention Credit! Businesses that have been impacted financially by COVID-19 may be able to take advantage of a new, refundable tax credit called the Employee Retention Credit….
The details of the PPP loan program are, currently, ever changing. Here is the latest news on the COVID-19 PPP loan forgiveness program: As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law March…
A revised PPP loan forgiveness application and guidelines, and a new “EZ” loan forgiveness application, have been released to incorporate the changes made by the Paycheck Protection Program Flexibility Act and provide additional guidance. PRESS RELEASE – SBA and Treasury Announce New…
The Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010) was passed by the House and Senate and is now on its way to the President. The President has indicated that he will sign the bill. Key provisions of the…
How did the new tax law, TCJA, changed the Capital Gains Rates and the Kiddie Tax? New Brackets! The Tax Cuts and Jobs Act did not directly change the tax rate on capital gains: they remain at 0, 10, 15 and…