Tax Reform and What It Means for Your Business in 2020

Tax law has been changing. Four pieces of legislation, with tax provisions, have been enacted in less than three years. At the end of 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law. It was the first major tax reform in 31 years and included a reduction in...

Another Stimulus Rebate Payment Is Coming

Good news. The President signed the COVID-related Tax Relief Act of 2020 on December 27, 2020. The new law includes, in its almost 600 pages, the second round of recovery rebate payments. Individuals and children (under age 17) are entitled to a $600 rebate if income...

2020 Federal Tax update

December 23, 2020 Although 2020 was anticipated to be a quiet year, the funding bills signed by President Trump in December 2019 and the coronavirus stimulus packages enacted in March 2020 have created a long list of changes. Direct stimulus payments Under the...

PPP update

July 14th, 2020 The  Payroll Protection Program (PPP) application deadline has been  extended until August 8th. The five-week extension was passed by unanimously House and Senate, just a few hours before the PPP...