2020 Deficits and Potential Payroll Tax Holiday
California Health Insurance Penalty:
https://www.coveredca.com/individuals-and-families/getting-covered/penalty-and-exemptions/
Guidance addresses deductibility of expenses related to Paycheck Protection Program loans:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200501_1.pdf
$3.7 Trillion Deficit:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200501_3.pdf
Fewer People filed by April 15th:
https://www.cpapracticeadvisor.com/tax-compliance/news/21135618/21-million-taxpayers-delayed-filing-past-april-15
Payroll Tax Holiday
https://www.washingtonexaminer.com/news/white-house-strongly-considering-demand-to-include-payroll-tax-cuts-in-next-relief-package
How Will the Young Generation Learn to Be Great Leaders?
How Will the Young Generation Learn to Be Great Leaders? Our nation has been the spawning ground of many of the world’s greatest leaders, including political, business and religious leaders. There are great leaders in all the world’s top organizations and businesses. After all, having great leaders is one of the biggest keys to having…
If You Have A Secret Offshore Account, Beware
If You Have A Secret Offshore Account, Beware The IRS has been hunting for cheats for as long as people have been paying taxes. Whether it’s people adding extra dependents to save a few dollars on their returns, or the ultra-wealthy hiding money in secret offshore accounts, the IRS always wants to collect what it…
Is Your Business’ Accounting Firm Up to The Task?
Is Your Business’ Accounting Firm Up to The Task? Businesses and individuals use accounting firms for several reasons, including tax planning and preparation, accounting, business valuations, consulting and wealth planning & management. However, not all accounting firms offer all of these services, which means potential customers might have to use multiple firms in order to…
Lawmakers Hand Out Some Last Minute Tax Breaks
Lawmakers Hand Out Some Last Minute Tax Breaks Merry Christmas taxpayers. Lawmakers in Washington have finally made a move to pass several tax extenders that have been hanging in limbo since the big crystal ball last dropped at 12:00:01 on January 1, 2014. So now that these tax breaks have been extended, what does that…