The PPP Forgiveness Application With the latest changes to the program rules was released today. There is an EZ version and a standard version. Both are half of the length of the original application. Here is an article outlining some of the details. Explanations regarding forgiveness dates and some gray [...]
The IRS created a flow chart to help employers navigate the new tax credits due to the COVID-19 pandemic. Each situation with each of your employees may be unique. Always consult a tax advisor before filing with the IRS. Book a phone consultation with our staff today.
Every day it seems we are faced with changing rules from the SBA, US Treasury, Congress, etc., leaving small business owners (and thier accountants) to interpret these new laws. The Paycheck Protection Program (PPP) "forgivable" loan has been an amazing program for many businesses facing a downturn in these troubling [...]
At AFSG, we know that the novel coronavirus (COVID-19) has not spared anyone. Individuals, families, small businesses, gig-workers, sole-proprietors, employers... Everyone has been impacted by this pandemic. Finding the most current information has been tough. We will try to keep this webpage as up to date as possible with FACTS, [...]
Issue Number: IR-2020-57 Source: IRS.gov Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave WASHINGTON – Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. [...]
Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy. Learn more by visiting the Small Business Administration's website: https://www.sba.gov/page/guidance-businesses-employers-plan-respond-coronavirus-disease-2019-covid-19 Details include: Economic Injury Disaster Loan [...]
These tax tips can help new business owners find success Source: IRS.gov Starting a business can be very rewarding. It can also be a little overwhelming. From business plans to market strategies, and even tax responsibilities…there are many things to consider. Here’s what new business owners can do to help [...]
source: IRS.govNewly-revised estimated tax form and publication can help people pay the right amount IR-2018-93, April 13, 2018 WASHINGTON – With tax reform bringing major changes for the year ahead, the Internal Revenue Service today reminded the many self-employed individuals, retirees, investors and others who need to pay their taxes [...]
2014 Year-End Tax Planning for Businesses Source: KaneCPAs.com In recent years, end of year tax planning for businesses has been complicated by uncertainty over the availability of many tax incentives. The 2014 year-end is no different. In the early hours of January 1, 2013, the Senate passed the American Taxpayer [...]
original article: http://www.daszkalbolton.com/index.php?src=gendocs&ref=NewPolicy-UnusedTaxpayerIDNumbersWillExpireAfterFiveYears#.U9pXSPldXgs Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years, the IRS recently announced. In order to give all interested parties time to adjust to the new policy, the IRS added that it will not begin deactivating ITINs [...]
