PPP loans are subject to forgiveness to the extent that a borrower uses PPP funds for payroll costs and certain mortgage interest, rent and utility obligations during the 8 week period following loan disbursement.
On April 9, 2020, the IRS issued another notice which expands the relief to additional returns and tax payments.
Dear Client: You’ve probably heard that IRS will be making millions of ”economic impact payments” (also called ”recovery rebates”) in the coming months to help people stay afloat during this time of economic uncertainty related to the COVID-19 crisis. Here’s what you need to know about this program. Amount of payment. IRS will soon begin …Read More
We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout.
The emergency spending bill signed into law on Friday contains several provisions related to retirement benefits. This article will discuss those provisions.
To all clients and friends of Strauss Troy:
We hope that you remain well during these challenging times. Like you, we at Strauss Troy have been busy preparing and planning for all aspects of this unprecedented event.
The due date for filing federal income tax returns and making federal income tax payments due April 15, 2020 has been automatically postponed to July 15 2020.
This morning Treasury Secretary Mnuchin announced in a tweet that the filing deadline has been moved to July 15. Please check this page for updated information as it becomes available.
The U.S. Secretary of the Treasury is providing relief to everyone who has a federal income tax payment (including self employment tax) due on April 15. The due date for those payments has been postponed to July 15, 2020.
You may have noticed that, unlike major appliances, lawyers don’t come with warnings or instructions. Whether you need a lawyer regularly for your business or only for specific tasks, the principles of this article should be helpful to you.