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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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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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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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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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Take advantage of the gift tax exclusion rules

Take advantage of the gift tax exclusion rules

November 6, 2019 0 comments
Annual gifts are only one way to transfer wealth to your loved ones. There may be other effective tax and estate planning tools.
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Thinking about converting from a C corporation to an S corporation?

Thinking about converting from a C corporation to an S corporation?

November 6, 2019
The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax advantages over C corporations in some circumstances, there are plenty of potentially expensive tax problems that you should assess before making the decision to convert from a C corporation to an S corporation.
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Setting up a Health Savings Account for your small business

Setting up a Health Savings Account for your small business

November 6, 2019
Given the escalating cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, HSAs offer a tax-advantaged way to set aside funds (or have their employers do so) to meet future medical needs.
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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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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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