What Business Owners Need to Know About 1099’s
An important aspect of tax compliance for business owners is the requirement to file a 1099 for certain payments made during the normal course of business. If you are a business owner,…
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Do You Need a Tax Professional to Prepare Your Taxes?
While many taxpayers may not require professional help to prepare their tax return, those taxpayers with even a modestly complex tax situation can often benefit from professional help. These benefits…
Tax Deadline Update
Last month, the IRS extended the April 15th payment deadlines and filing deadline to July 15th. Since then, they have also clarified that the June 15th estimated payment deadline has…
CARES Act Expansion of Economic Injury Disaster Loans (EIDLs)
(image: SBA) The next topic in the discussion of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) are the provisions regarding the SBAs Economic Injury Disaster Loans. The…
More News Regarding Tax Deadlines
It’s been a few days since our last update, and there has been more news from the IRS regarding tax deadlines. The IRS Has Extended Tax Filing Deadline to July…
US Treasury Department Announces Postponement of Tax Payment Deadline
We hope all of you are managing to deal with the uncertainty of the COVID-19 virus outbreak and the impact of the efforts to combat its spread. We know that…