COVID-19 has had an unprecedented economic impact – especially on small business owners. Watch this video to find out steps to help keep your business afloat during COVID-19. Learn what is needed to take a pragmatic view of what has happened and what steps you may be willing and able to take to bounce back. …
COVID-19
Watch Out: The Treasury Is Sending Some Stimulus Payments by Debit Card
The government has begun sending out some of the stimulus payments by debit card. These cards are mailed in plain white envelopes, which some people have thrown away, thinking it was junk mail. Watch the video to learn more.
Watch Out: The Treasury Is Sending Some Stimulus Payments by Debit CardRead More
Don’t Throw Away IRS Notice 1444
The Internal Revenue Service is mailing all recipients of Economic Impact Payments an IRS Notice 1444. The IRS Notice 1444 provides taxpayers key information about their payment including: the amount of their payment, how the payment was made, and how to report any payment that wasn’t received. If you’ve already received your economic impact payment, you’ve …
The People First Initiative, What Provisions Does It Include?
The global COVID-19 pandemic has presented significant challenges for American citizens. From both a health standpoint and a financial perspective. Individuals are looking for ways to reduce the financial impact of layoffs experienced since the shutdown of the economy. In an effort to relieve some of this burden, the IRS introduced the People First Initiative on March …
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Post-Pandemic Trends Shifting the Economy for Small Businesses
The ongoing COVID-19 pandemic has created significant challenges for small and large businesses alike around the world. However, there are also some positive changes taking place. These new post-pandemic trends and behaviors may end up being better for small business everywhere. In fact, there are a few core trends that are major opportunities. Opportunities just …
Post-Pandemic Trends Shifting the Economy for Small BusinessesRead More
What the Employee Retention Credit Means to You – A Video
Congress has authorized an employee retention credit. Watch the video below to learn what the Employee Retention Credit means to you. Employers eligible for the Employee Retention Credit are generally those whose trade or business has been affected by COVID. If your business was curtailed as a result of the COVID-19 outbreak, you may be …
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When Will I Get My Stimulus Payment?
The IRS has already sent out 80 million stimulus payments to taxpayers, These went to tax payers that included their direct deposit information on their most recently filed 2019 or 2018 return. So, if you had filed either your 2019 or 2018 return before the direct deposits were issued, you should already have the money …
What is the Paycheck Protection Program and Health Care Enhancement Act?
President Trump has signed the Paycheck Protection Program and Health Care Enhancement Act (PPP & HCE Act). This Act, a $484 billion package was passed by both the Senate and the House on April 20, 2020. PPP & The CARES Act Following the passage of the $2.2 trillion CARES Act stimulus package at the end of March, …
What is the Paycheck Protection Program and Health Care Enhancement Act?Read More
Did You Take Your 2020 Required Minimum Distributions (RMD) Too Soon?
As part of the CARES Act, the requirement for taxpayers to take required minimum distributions (RMDs) has been waived. This is due to the drop in value for most investments as a result of the economic effects of COVID-19. What are Required Minimum Distributions (RMD) RMDs are required distributions from qualified retirement plans. They are …
Did You Take Your 2020 Required Minimum Distributions (RMD) Too Soon?Read More
