NEWS
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July 10, 2020
On July 4, President Trump signed S 4116 into law. The bill extends the Paycheck Protection Program (PPP) loan application deadline until August 8. Background The Coronavirus […]
July 1, 2020
Earlier this year, in response to the novel coronavirus (COVID-19) crisis, the IRS postponed numerous federal tax filing and payment deadlines. If you took advantage of […]
June 30, 2020
In e-News for Tax Professionals, the IRS has explained the tax implications of receiving an economic impact payment (EIP). Background: As part of the CARES Act, IRS […]
June 5, 2020
The novel coronavirus (COVID-19) crisis has spurred much confusion and unprecedented economic challenges. It has also created ample opportunities for dishonest individuals and criminal organizations to […]
May 14, 2020
QUESTION: One of our employees elected to contribute $2,500 to his health FSA for 2020 to cover the expense of anticipated elective surgery. Due to the […]