Boyer 2 Accountants Inc. Blog
Topics & tips about accounting, taxes, business, personal finance, and more!
As of now, the enhanced unemployment benefits put into place under the CARES Act are set to end before July 31. This means the $600 additional federal unemployment per week that millions of Americans have been receiving as aid during the coronavirus pandemic will come to an end. Qualified recipients will be eligible for state
The Senate unanimously passed the Paycheck Protection Program Flexibility Act of 2020 (PPFA) late in the day Wednesday, June 3, 2020. After the House passed the bill last week 417 to 1, the Senate reconvened this week and the bill now advances to President Trump to be signed into law. He is expected to sign
The coronavirus pandemic has led the IRS to extend important tax deadlines in 2020. This is the first time in my recent memory that the IRS has extended the filing date, so it’s important to plan accordingly and take advantage of it! Here is what you need to know: July 15 is the new April 15 The
You’ve probably heard that the IRS will be making millions of “economic impact payments” (also known as “recovery rebates”) in the coming months to help people stay afloat during this time of economic uncertainty related to the COVID-19 pandemic. Here’s what you need to know about this program. Amount of Payment: The IRS will soon
The Senate unanimously passed a $2 trillion dollar stimulus deal also known as the CARES ACT late last night. The highlight of this package deal includes individual rebate checks to many Americans. The biggest questions now are 1. How will it work? and 2. When should I expect to receive my check? How much money