News

Updated IRS Guidance Addressing COVID-19 Relief Employer Tax Credits

Source: natlawreview.com - Apr 21, 2020

The IRS recently published guidance on the new refundable employment tax credits available under the Families First Coronavirus Response Act (the “FFCRA”) and the Coronavirus Aid, Relief, and... Read more >

Category: General Business

Why Haven't I Received My Stimulus Check?

Source: newsweek.com - Apr 21, 2020

By now, tens of millions of eligible Americans have received their stimulus checks from the government as a part of a $2 trillion relief package from the coronavirus outbreak. However, there are... Read more >

Category: General Business

Which IRS Stimulus Check Tool Should You Use?

Source: forbes.com - Apr 17, 2020

There's still a lot of confusion about how to register for and track stimulus checks on the Internal Revenue Service (IRS) website. There are two tools, the non-filer tool (more info here) and the... Read more >

Category: General Business

A guide to COVID-19 economic stimulus relief

Source: consumerfinance.gov - Apr 16, 2020

This blog was originally posted on April 10, 2020 and was updated on April 15, 2020 to reflect new information. Americans are increasingly feeling the impact of the coronavirus, both on their... Read more >

Category: General Business

What Is the New Deadline to File Taxes? A Coronavirus Update.

Source: propublica.org - Apr 16, 2020

As the COVID-19 outbreak rages in the United States, businesses and schools have closed and events have been canceled, leaving employees and business owners without work and at a loss for income.... Read more >

Category: General Business

Small business rescue funds depleted with Congress deadlocked

Source: politico.com - Apr 16, 2020

The small business rescue fund set up by Congress exhausted its $350 billion funding capacity Thursday morning, as U.S. lawmakers remained mired in a battle over providing more money.... Read more >

Category: General Business

A government agency cannot change the terms of Congress's COVID-19 relief bill

Source: thehill.com - Apr 16, 2020

Last week, the federal government launched the Paycheck Protection Program (PPP), a new loan program intended to help small businesses that have partially or fully shut down because of the COVID-19... Read more >

Category: General Business

Will you have to pay back the coronavirus stimulus check? Plus 6 other stimulus myths debunked

Source: cnbc.com - Apr 14, 2020

The IRS began depositing coronavirus stimulus relief checks this week to some eligible Americans. But questions about the payments, including how quickly Americans will actually receive them, still... Read more >

Category: General Business

COVID-19: Working from home and employer reimbursement of remote-work expenses in California and beyond

Source: nortonrosefulbright.com - Apr 14, 2020

To reduce the spread of COVID-19, many employers are requiring their employees to work remotely (either voluntarily or because several states, including California and New York, have imposed social... Read more >

Category: General Business

How To Get Your $1,200 Emergency Payment Faster — But Watch Out For Debt Collectors

Source: npr.org - Apr 14, 2020

Those $1,200 federal payments to help Americans through the coronavirus crisis have started arriving in some people's bank accounts via direct deposit. But many people will have to wait longer —... Read more >

Category: General Business

Financial planner explains criteria to qualify for stimulus check

Source: fox8live.com - Apr 13, 2020

By Katherine Mozzone | April 11, 2020 at 9:54 PM CDT - Updated April 13 at 5:12 AM NEW ORLEANS, La. (WVUE) - Many Americans are awaiting the $1,200 stimulus check expected next week, especially... Read more >

Category: General Business

COVID-19 stimulus checks are NOT mad money from Uncle Sam

Source: wwl.radio.com - Apr 13, 2020

It was a most unscientific sampling of a cross-section of Metairie and Kenner residents. They cued up in front of the Walmart on Veterans Boulevard on a windy Easter Sunday afternoon. Most were... Read more >

Category: General Business

Tax Benefits for Businesses Who Have Employees with Disabilities

Source: irs.gov - Apr 11, 2020

Businesses accommodating people with disabilities may qualify for some of the following tax credits and deductions. More detailed information may be found in the IRS publications referenced.... Read more >

Category: General Business

IRS Employee Retention Credit: What Employers Need to Know

Source: jdsupra.com - Apr 11, 2020

The Internal Revenue Service launched the Employee Retention Credit to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an... Read more >

Category: General Business

[IRS TOOL] Non-Filers: Enter Payment Info Here

Source: irs.gov - Apr 11, 2020

Who is eligible for the Economic Impact Payment? U.S. citizens or resident aliens who: Have a valid Social Security number, Could not be claimed as a dependent of another taxpayer, and... Read more >

Category: General Business