Tax

FAQs on the new Economic Impact Payments highlight some areas that are already causing problems and confusion for a number of taxpayers

FAQs as of June 25, 2020 The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and…

The IRS has finally issued its proposed Cloud Regulations to address how taxpayers should treat cloud transactions for taxation purposes

The White House had released President Donald Trump’s fiscal year (FY) 2021 budget proposal, which outlines his administration’s priorities for extending certain tax cuts and increasing IRS funding

Final regulations increase a vehicle’s maximum value for eligibility to use the fleet-average valuation rule or the vehicle cents-per-mile valuation rule

The IRS has proposed regulations with guidance for employers on withholding federal income tax from employee’s wages

Paying taxes is mandatory

Another Cost of Independent Contractors Reclassified as Employees Businesses whose workers are now classified as employees thanks to AB 5’s adoption of the ABC test not only have to pay additional payroll taxes for these employees but must also provide mandatory sick pay benefits

We hope that you and your family are healthy and safe. We want you to stay informed of things that you can do to keep yourself and your family safe using reliable sources