One of the many key provisions in the CARES Act is the Employee Retention Credit. This credit is geared towards employers subject to partial or full COVID-19 related closures. This credit impacts compensation, furlough, and layoff strategies. If you are…
CARES Act Overview: The Impact on Taxpayers and Businesses
The President signed the latest COVID-19 relief bill on March 27: The Coronavirus Aid, Relief, and Economic Security (CARES) Act. The bill brings with it several elements of relief for businesses, employees and families, in an effort to maintain livelihoods…
What You Need to Know About the Paid Sick and Family Leave Tax Credits
The Families First Coronavirus Response Act (FFCRA) signed on March 18, 2020, made unprecedented expansions to paid sick and family (childcare) leave provisions in light of the challenges for the American workforce due to COVID-19. The expansions to paid sick…
Families First Coronavirus Response Act Provides Benefits and Tax Relief for Many
Learn how Families First Coronavirus Response Act will impact you, your business, and employees. Families First Coronavirus Response Act Provides Benefits and Tax Relief for Many The Families First Coronavirus Response Act (FFCRA), passed by Congress and signed by President…
Accounting Tasks at Year-End
You might wonder why there are so many extra tasks at year-end. While the government requires much of the work, there is clean-up work and adjustments that need to be done to make the books accurate. It’s not always cost-effective…
Donations, Garage Sales, and New Baby
Hope you are doing well and getting ready for Summer! It’s that time of year when people start cleaning out their garages and closets to freshen up the home for a new season. Don’t forget to keep track of all…
Five Tips to Make Tax Time Painless
Tax time is probably not your favorite time of year, especially if you have to pay the government your hard-earned dollars. Here are five tips on how we can make it just a bit less painful. 1. Have patience. Practicing…
Get Ahead on Year-End Tasks
Year-end is just around the corner, and that means a couple of administrative tasks are necessary to take care of bookkeeping and tax chores. Here are a couple of tips to make year-end go smoother. Cleaning up Things will go…
Tax Time, Ready or Not
It’s always a huge relief to many people who get their taxes done early. That gray cloud of stress that nags at you to get it over with can be gone in a matter of weeks instead of months. April…
How to Avoid Sales Tax Surprises
Sales tax laws are constantly changing, and sales tax audits have increased since states and local agencies have become creative about finding new ways to generate revenues. If you haven’t made any changes in your sales tax procedures in a…