Plan NOW For Year End Tax Planning
Are you ready for December 31? The New Year is right around the corner, and there are critical things you can be doing now to smooth the tax preparation that will soon be upon us. The best way to reduce…
Reminder! Plan NOW For Year End Tax Planning
Are you ready for December 31? The New Year and is right around the corner, and there are critical things you can be doing now to smooth the tax preparation that will soon be upon us. The best way to…
FAQs On CARES Act Deferral Of Employment Tax Deposits And Payments Through December 31, 2020
The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of social security taxes and self-employed individuals to defer payment of certain self-employment taxes. The IRS has released…
Meet Our CARES Act Task Team
We are all facing challenging times both personally and professionally. The Accountability Plus office is open for business, minimally and safely staffed, while our entire bookkeeping workforce is working remotely. We have assembled an Accountability Plus CARES ACT TASK TEAM…
CARES Paycheck Protection Program and Forgiveness Option
On March 27, 2020, Congress passed the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) that opened up a new type of SBA (Small Business Administration) lending program called the "Paycheck Protection Program." The program includes a potential forgiveness…
IRS Bulletin R-2020-57: Small and midsize employers can take advantage of COVID-19 refundable payroll tax credits
WASHINGTON – Today [3/20/2020] the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and…
SBA’s COVID-19 Economic Injury Disaster Loans for Small Business
The U.S. Small Business Administration (SBA) is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s…
More Time to File and Pay for California Taxpayers Affected by the COVID-19 Pandemic
The California Franchise Tax Board has announced that the filing and payment deadlines of March 15th for entities and April 15th for individuals affected by COVID-19 have been extended until June 15, 2020. The extension includes tax returns for 2019…
Business Strategy Resources During COVID-19 Crisis
To help you keep your venture going, we've pulled together information from trusted sources. You'll find state, federal, and local resources, specific to your challenges and particular business strategy. We invite you to review the following weblinks: California EDD FAQs…
IRS Extends Income Tax Filing Deadline to July 15
Good News! In response to the coronavirus, the Treasury Department and IRS have announced that the income tax filing deadline for tax year 2019 has now been extended to July 15, 2020. Earlier this week, Secretary Munchin announced the extension…
