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The Coronavirus Aid, Relief and Economic Security (CARES) Act comes with a $2.2 trillion price tag but will hopefully help stabilize the economy as the United States (and the world) continues to combat COVID-19. In... Continue Reading
In addition to the recovery rebates for eligible individuals (up to $1,200 single filers; $2,400 joint filers plus $500 for each qualifying child), there are many other provisions affecting individual taxpayers.... Continue Reading
This article was updated 4/1/20 to clarify that payments to independent contractors are not included in calculation of payroll costs per guidance from the Senate Committee on Small Business & Entrepreneurship. ... Continue Reading
As indicated in our previous publication, Coronavirus Aid, Relief and Economic Securities (CARES) Act, the $2.2 trillion bill is complex legislation affecting nearly all taxpayers and many businesses. Expanding on... Continue Reading
In an effort to stabilize the economy, the President signed the most expensive piece of legislation ever passed - the CARES Act. This Act will affect nearly every taxpayer and many businesses. The CARES Act looks to... Continue Reading
The Department of Labor has issued guidance on the Families First Coronavirus Response Act (FFCRA). The guidance delves deeper into eligibility for paid sick leave and paid expanded family and medical leave resulting... Continue Reading
In his March 23, 2020 address to Georgians, Governor Brian Kemp announced that Georgia's tax filing deadline will be extended to July 15, 2020. This falls in line with the new federal tax filing deadline. More... Continue Reading
The Treasury Department has announced further tax relief for taxpayers superseding the previous announcement. For federal tax purposes the due date for filing federal income tax returns and making federal income tax... Continue Reading
As the COVID-19 situation is continuously evolving, some states are implementing changes to their state tax filing guidelines in an effort to provide relief to taxpayers. The guidelines vary per state and may change... Continue Reading
