by Ramdas | May 3, 2021 | Individuals Articles
Recently, President Biden has released a tax credit for business and nonprofits who provide paid time off to workers that are receiving or recovering from the vaccine through the American Rescue Plan. A paid leave tax credit will offset the cost for businesses and...
by Ramdas | Nov 30, 2020 | Individuals Articles
The latest from the IRS Two very important items were released by the IRS on November 18, 2020 that impact taxpayers with PPP loans. IRS Revenue Ruling 2020-27 In ruling 2020-27 the IRS restates that expenses paid with PPP funds will not be deductible in...
by Ramdas | Sep 4, 2020 | Individuals Articles
With school having started around the country, the Department of Labor has released new guidelines about qualifying for paid sick leave related to the reopening of schools through the Families First Coronavirus Response Act (FFCRA). The new DOL guidelines explain...
by Ramdas | Apr 9, 2020 | Individuals Articles
The Corona Relief, Aids, and Economic Security (CARES) Act that passed through legislation provides additional relief to individuals. Listed below are key points to be aware of. 1. Recovery Rebates – all individuals are eligible for recovery rebates of up to $1,200...
by Ramdas | Apr 9, 2020 | Individuals Articles
The Corona Relief, Aids, and Economic Security (CARES) Act that passed through legislation provides additional relief to small businesses (businesses with 500 or less employees). Listed below are key points to be aware of. 1. Paycheck Protection Program (PPP) – Loans...
