by Steve Perry | Apr 11, 2023 | CARES Act, Representation, Tax Planning, Tax Preparation
The most common answer to this is 3 years from the date you filed. But there’s some grey area. Having the correct records could save you thousands of dollars one day, so you want to do your due diligence and be smart about what you keep in your filing cabinets...
by Steve Perry | Oct 23, 2020 | CARES Act, Representation, Tax Planning, Tax Preparation
Back in March, President Trump signed the Coronavirus Aid, Relief, and Economic Securities (CARES) Act. This $2.3 trillion relief package was designed to help Americans get through this pandemic. Under the Act, a new loan program was created called the...
by Steve Perry | Aug 14, 2020 | CARES Act, Tax Planning, Tax Preparation
One of the most talked about of the four documents describes the deferral of payroll taxes otherwise known as the employment tax. This tax is imposed under the Federal Insurance Contributions Act (FICA). This tax has two components. The 6.2% Social...
by Steve Perry | Jul 31, 2020 | CARES Act, Representation, Tax Planning, Tax Preparation
After several months of the IRS being closed for all except the most mission critical functions, the service is open again, at least in part. Many taxpayers have received computer generated letters mailed after the due date. Others who have tax problems,...
by Steve Perry | May 8, 2020 | CARES Act, Tax Planning, Tax Preparation
The Federal Government has taken many steps to help businesses weakened by the COVID-19 pandemic. Some of their efforts are well known because stories about government loans and grants are easier to report and more interesting than the harder to understand...
by Steve Perry | May 1, 2020 | CARES Act, Small Business Accounting, Tax Planning, Tax Preparation
During this time, businesses are doing everything they can to stay solvent. The Federal Government is helping with Payroll Protection Program(PPP) and Emergency Injury Disaster Loans (EIDL). Of course, with any government program there are hidden...