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Answers to questions about the CARES Act employee retention tax credit

Answers to questions about the CARES Act employee retention tax credit

April 8, 2020
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 pandemic.
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Fake COVID-19 treatments and other new fraud schemes

Fake COVID-19 treatments and other new fraud schemes

April 8, 2020
Like the coronavirus (COVID-19) pathogen itself, incidents of COVID-19 fraud are surging and financial losses are piling up. As always, exercise caution when answering the phone, opening email and reading texts.
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The new COVID-19 law provides businesses with more relief

The new COVID-19 law provides businesses with more relief

April 1, 2020
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers.
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Cash payments and tax relief for individuals in new law

Cash payments and tax relief for individuals in new law

April 1, 2020
A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures to help Americans during the coronavirus (COVID-19) pandemic.
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Fraudsters are using COVID-19 to fleece Americans

Fraudsters are using COVID-19 to fleece Americans

March 24, 2020
As governments around the globe mobilize to defend their populations from the novel coronavirus (COVID-19), criminals are also mobilizing - to fleece people. These opportunists have already found ways to use the fear and chaos associated with the pandemic to enrich themselves.
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Coronavirus (COVID-19): Tax relief for small businesses

Coronavirus (COVID-19): Tax relief for small businesses

March 24, 2020
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief.
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Individuals get coronavirus (COVID-19) tax and other relief

Individuals get coronavirus (COVID-19) tax and other relief

March 24, 2020
Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic.
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Taking distributions from your traditional IRA

Taking distributions from your traditional IRA

November 6, 2019
Prudently planning how to take money out of your traditional IRA can mean more money for you and your heirs.
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Small businesses: Stay clear of a severe payroll tax penalty

Small businesses: Stay clear of a severe payroll tax penalty

November 6, 2019
One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over to the federal government on time.
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Watch out for tax-related scams

Watch out for tax-related scams

November 6, 2019
In general, the IRS sends bills or notices to taxpayers and gives them time to respond with questions or appeals. The tax agency also doesn’t threaten taxpayers with arrest.
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How you can help stop elder financial abuse

How you can help stop elder financial abuse

November 6, 2019
If you have vulnerable elderly relatives, friends or neighbors, do your part to protect them from fraud and exploitation.
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The chances of an IRS audit are low, but business owners should be prepared

The chances of an IRS audit are low, but business owners should be prepared

November 6, 2019
Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018, the IRS audited approximately 0.6% of individuals. Businesses, large corporations and high-income individuals are more likely to be audited but, overall, audit rates are historically low.
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