News

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

Louisiana Loan Portfolio Guaranty Program

Source: opportunitylouisiana.com - Apr 7, 2020

The Louisiana Loan Portfolio Guaranty Program, or LPGP, is a partnership of Louisiana Economic Development (LED), which will provide a loan guaranty fund; the Louisiana Bankers Association (LBA),... Read more >

Category: General Business

Filing My Taxes Early Cost Me My Stimulus Check

Source: msn.com - Apr 7, 2020

Being a CPA, of course I aim to minimize my tax bill and qualify for any tax advantage available. Doing anything less would be doing myself a disservice. That said, I'm here to admit to making a... Read more >

Category: General Business

First-quarter unemployment tax payments deferred for Louisiana employers

Source: businessreport.com - Mar 31, 2020

Louisiana employers have received temporary relief from paying their 2020 first-quarter unemployment taxes. Employers will still be required to file their first-quarter wage and tax reports with... Read more >

Category: General Business

The stimulus bill includes a tax break for the 1%

Source: cnn.com - Mar 31, 2020

We face a frightening pandemic. More than 100,000 American have been infected with Covid-19, while tens of millions more continue to shelter at home. Meanwhile, the markets are crashing. And yet... Read more >

Category: General Business

12 IRS (Non-Stimulus) Tax Rules You’ll Need This Year

Source: forbes.com - Mar 31, 2020

With all the talk about those stimulus checks, tax day delayed from April 15 to July 15, and numerous CARES Act tax questions, it can be easy to lose sight of some basic tax rules to remember each... Read more >

Category: General Business