[Note: The IRS has confirmed that participation in this program is optional. If there are additional developments, we will update this post. ] The IRS issued Notice 2020-65 last Friday. This notice contains the first details of the optional payroll tax deferral program that starts September 1 and lasts through the end of the year….
SMALL BUSINESS LOANS There are two loan programs for small business available as part of the federal government’s response to Covid-19. If you are interested in either program, it is important to get your application in very soon as the funds available are limited. Here is a short description of each program and a link…
The IRS will soon begin send checks to each eligible individual in the United States. The amount is $1,200 per person ($2,400 for joint tax return filers) plus $500 for each qualifying child. Generally, a qualifying child is a dependent who has not yet turned 17. There are also some income limits; the credit is…
As year-end quickly approaches, please be sure to report your health insurance premiums (on your W-2 form) in accordance with the instructions below. If you are using a payroll service, they should be requesting information about your health insurance premiums. Be sure that you give it to them! If you have paid the premiums personally,…
