by Jessica Diaz | Mar 24, 2021 | Uncategorized
IRS Extends Tax Filing Deadline to May 17 On March 17, the IRS announced it would extend the deadline to file 2020 taxes for all Americans to May 17, giving taxpayers an additional month to file returns. This extended deadline is welcome news for individuals,...
by Jessica Diaz | Mar 15, 2021 | Uncategorized
On Thursday, March 11, President Biden signed into law the American Rescue Plan, a bold piece of legislation that is set to create 7 million jobs and ensure our nation’s road to recovery both physically and economically. Within the package, additional unemployment...
by Jessica Diaz | Feb 19, 2021 | Uncategorized
On December 27, 2020, former President Trump signed into law The Consolidated Appropriations Act, 2021 (CAA21), which contains several tax law changes, including expanded eligibility for the Employee Retention Credit (ERC) for businesses whose PPP loan(s) made them...
by Jessica Diaz | Feb 5, 2021 | Uncategorized
Due to economic fall-out from the Coronavirus pandemic, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act (or CARES Act), on March 27, 2020. In it, special distribution options and rollover rules for retirement plans and IRAs were introduced, as...
by Jessica Diaz | Dec 28, 2020 | Uncategorized
Congress passed a second round of COVID relief last week – what does this mean for small businesses? Payroll Protection Program (PPP) Loan Forgiveness Last spring, Congress made the forgiveness of PPP loans tax free. The IRS then misinterpreted the law and made...
