The Facts: Taxable vs. Nontaxable Income Blog 05/01/2022 Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The... Read More
Reminder: Deferred Payroll Taxes Due in December Blog 12/01/2021 If you’re a household employer or self-employed and chose to defer paying some Social Security taxes under the CAR... Read More
Repaying Deferred Social Security Tax Blog 08/01/2021 The Coronavirus Aid, Relief, and Economic Security Act allowed self-employed individuals and household employers to defe... Read More
What is an Economic Impact Notice? Blog 06/01/2021 After a taxpayer has been issued an Economic Impact Payment, the IRS is required to mail an Economic Impact Notice to th... Read More
Coronavirus-Related Distributions and Loans Blog 04/06/2021 The Coronavirus, Aid, Relief, and Economic Security (CARES) Act made it easier to access savings in IRAs and workplace r... Read More
Employer Tax Credit Extended for Payroll Workers Blog 02/01/2021 The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, made several changes to employee ... Read More
Retirement Accounts: Rollover Relief for RMDs Blog 07/05/2020 Generally, taxpayers must begin taking a required minimum distribution (RMD) from a defined-contribution retirement plan... Read More
Q & A: Returning an Economic Impact Payment Blog 07/05/2020 According to the Treasury Department, more than 159 million individuals have already received their Economic Impact Paym... Read More
Loan Forgiveness Under the Paycheck Protection Plan Blog 06/05/2020 As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law March 27, many small business... Read More
Coronavirus Update: Payroll Protection Program Blog 06/05/2020 The American Institute of Certified Public Accountants (“AICPA”) recently issued guidance to its’ members regardin... Read More