The coronavirus forced many corporations and small businesses to move non-essential employees to work from home indefinitely. Some companies like Google have extended its work-from-home policy through the end of 2020. Facebook has implemented a work-from-home policy forever. Likewise, self-employed workers might be using their homesmore frequently to operate instead of Starbucks or shared work …
The coronavirus forced many corporations and small businesses to move non-essential employees to work from home indefinitely. Some companies like Google have extended its work-from-home policy through the end of 2020. Facebook has implemented a work-from-home policy forever. Likewise, self-employed workers might be using their homes more frequently to operate instead of Starbucks or shared work …
Let’s Review: The Home Office Deduction in 2020 Continue reading »
The deadline to apply was extended from June 30 to August 8. If you are a small business and still need financial assistance during these challenging circumstances,you now have more time to do so. On July 4, President Trump signed a bill that extends the application date for PPP loans to August 8. Key Points: …
Application for Paycheck Protection Program Loans Extended Continue reading »
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 …
Yes, You Must Pay Taxes on Unemployment Benefits Continue reading »
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 …
2020 Tax extensions you should know about Continue reading »