Families First Coronavirus Response Act (FFCRA) Leave Decision Tree
Now more than ever, employers need timely insight as you try to navigate the multitude of issues arising from the COVID-19 pandemic, especially those related to absence management.
New Mailing Addresses for Form 941
New mailing addresses have been issued for paper Form 941, so check your mailing address before mailing. The due date has not changed, so 1st quarter payroll...
PPP 2.0: Helping Your Client Apply for Loan Forgiveness
The Paycheck Protection Program (PPP) was a lifeline for the millions of small businesses that received forgivable loans. But now, time might be ticking...
From the IRS Newsroom: Filing in 2022, guidance regarding the ERC, National Tax Security...
Below are some of the most recent updates to come out of the IRS:
Get ready for taxes: What's new and what to consider when...
Five Tips for 1099s in QuickBooks Online
As if 2020 hasn’t been challenging enough now at the mad dash to the year-end we need to learn and comply with the new...
What does the rescheduling of Cannabis do?
Cannabis taxes are complicated. Reporting “illegal” activity to the Federal government comes with a lot of conservative enforcement of extreme laws. In particular, 280E....
SBA rules PPP borrowers can use gross income
The U.S. Small Business Administration (SBA) issued new Paycheck Protection Program (PPP) rules that allow self-employed individuals who file Form 1040, Schedule C, Profit...
New 20% Deduction for Schedule C Filers
here’s a lot of confusion and buzz around the new 20% deduction for small business owners. Who does it apply to? How does it work? When...
TPN Rewind: IRS WISP Requirements
There may not be significant new tax legislation coming down the pipeline this tax season compared to the last two years. The IRS is...
IRS to recalculate taxes on unemployment benefits; refunds to start in May
To help taxpayers, the Internal Revenue Service announced yesterday that it will take steps to automatically refund money this spring and summer to people...
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Finding the right tax season prospects
With plenty of work and not enough preparers, it would seem finding new clients would be as simple as hanging out your proverbial shingle,...
Are you managing your clients or are they managing you?
A friend asked me how my Sept. 15 deadline went. And while it was certainly a busy week, I found myself mostly re-organizing my...
AICPA releases statement on IRS announcement concerning ERC Mills
Following an announcement by the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) released its response.
AICPA President and CEO, Barry Melancon, CPA, CGMA, says, the latest initiative...