Read About - Tax Deadline Extended for NonprofitsApril 14, 2020
In response to COVID-19, the IRS released Notice 2020-23 (the Notice) to extend tax deadline relief for additional returns that were not included in Notice 2020-18
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Read About - April 2020 Audit & Assurance NewsletterApril 9, 2020
AICPA issues audit and accounting guidance FAQs on COVID-19
A new AICPA report provides nonauthoritative guidance addressing frequently asked audit and accounting questions related to the coronavirus pandemic
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Read About - Paycheck Protection Program Loans Frequently Asked Questions (FAQs)April 7, 2020
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…
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Read About - Participation and Plan Sponsor Relief under the CARES ActApril 7, 2020
Dear Valued Clients and Friends,
This communication summarizes participant and plan sponsor relief related to IRAs and qualified retirement plans as defined in Internal Revenue Code § 402(c)(8)(B), 401(a), and 403(b)
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Read About - Cloud Transactions, Proposed IRS Rules You Need to KnowMarch 31, 2020
The IRS has finally issued its proposed Cloud Regulations to address how taxpayers should treat cloud transactions for taxation purposes
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Read About - Trump’s 2021 Budget Proposal Extends Tax Cuts and Increases IRS FundingMarch 31, 2020
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
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Read About - Fleet-Average and Vehicle Cents-Per-Mile Base Valuation Amounts UpdatedMarch 31, 2020
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
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Read About - Proposed Regulations Reflect Changes to Wage Withholding, Redesigned W-4March 31, 2020
The IRS has proposed regulations with guidance for employers on withholding federal income tax from employee’s wages
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Read About - Five Ways Taxpayers Can Pay Their Taxes
Read About - California’s Mandatory Sick Pay RequirementsMarch 31, 2020
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
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Read About - General COVID-19March 30, 2020
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
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Read About - Families First Coronavirus Response Act Frequently Asked QuestionsMarch 30, 2020
What is the effective date of the Families First Coronavirus Response Act (FFCRA), which includes the Emergency Paid Sick Leave Act and the Emergency Family and Medical Leave Expansion Act
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