Update on Implications of Changing the April 15 Due Date

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This is an update from a previous article from April 2020. If the last month has felt like an...

Deadline NOT Adjusted Again – Remains July 15

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As you may know due to COVID-19, the tax filing and payment due date for individual taxpayers was moved from April 15th to July 15th. Many thought that, due to the climate of the economy, they would postpone the deadline again. But on June 29th, The Department of the Treasury announced they will not be further postponing the deadline.

Webinar Recording: PPP Loan Forgiveness Guidelines Explained

Since its initial release, one thing has remained constant about the Paycheck Protection Program (PPP), the rules...

ETAAC Annual Report to Congress

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The Electronic Tax Administration Advisory Committee (ETAAC) submitted its annual report to Congress today, June 24. According to the announcement about the...

Live with Liz + Will featuring Nayo Carter-Gray

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Last week, on June 12 (2020), Nayo Carter-Gray from 1st Step Accounting joined Liz and Will live...

IRS Provides Relief from Physical Requirement for Retirement Plan Participants

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Notice 2020-42 provides participants, beneficiaries, and administrators of qualified retirement plans and other tax-favored retirement arrangements with temporary relief from the physical presence...

Statement by Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza Regarding the...

U.S. Treasury Secretary Steven T. Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza issued the following statement today following the enactment...

Publication 5419: New Employer Tax Credits

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The IRS released a flow chart that clearly explains The Employee Retention Credit, which is designed to encourage employers to keep employees...

H.R.7010 – Paycheck Protection Program Flexibility Act of 2020

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Last night, the Senate passed H.R.7010 - Paycheck Protection Program Flexibility Act of 2020. This bill is heading to the President for signature today.

Renewable Energy Tax Relief

The Treasury Department and the IRS provided tax relief for taxpayers that develop renewable energy projects that produce electricity from sources such as wind,...

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Taking Your Firm Virtual Day Two: Firm Culture, Hiring & Implementation

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Day two of the Taking Your Firm Virtual Summit was another information-filled day full of speakers with...

Taking Your Firm Virtual Day One: Data Security, SEO & Advisory

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The Taking Your Firm Virtual Summit began yesterday, August 4. Hosted by Nayo Carter-Gray, founder of 1st...

5 Financial Tips to Share with Clients Who Are New Parents

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Each year, it is estimated by UNICEF that 130 million babies are born, resulting in many parents welcoming a new member into...