Announcement
The IRS Is Issuing Some Stimulus Payments by Debit Card
Some Are Being Mistaken as Junk Mail and Thrown Out Article Highlights: Junk Mail Stimulus Payment Debit Card If you are like most Americans, you receive tons of junk mail,…
Read MoreWhat President Trump’s Executive Order Means for You
We are still waiting for the dust to settle on what President Trump’s executive orders mean for taxpayers and business owners. There is a lot of talk about legal challenges…
Read MoreWhat Led to Congress Extending the Paycheck Protection Program?
The economic uncertainty created in the outset of the Coronavirus pandemic was unprecedented, to say the least. This is a big part of the reason why, soon after the spread…
Read MoreLoan Application Period for the Paycheck Protection Program Extended
Article Highlights: Loan Application Period Extended Paycheck Protection Program Qualifying Expenses Loan Forgiveness If you missed the opportunity to apply for a Paycheck Protection Program (PPP) loan before the program…
Read MoreW-2 Deadlines, Penalties, & Extension for 2019/2020
Form W-2 is an annual payroll report that shows the amount of taxes withheld from the employees’ paycheck for the year and is used to file federal and state taxes.…
Read MoreI Have No Box D or Control Number on My W-2
How important is the control number on W-2? The control number is usually generated by your employee payroll software and is only necessary if you want to import your Form…
Read More1099 Deadlines, Penalties & State Filing Requirements for 2019/2020
As the year 2020 has started, the 1099 deadlines will loom closer. Being a responsible employer, it’s important to prepare and issue 1099s to the recipients, and file them to…
Read MoreIncrease in Information Return Penalties
Effective with returns due after January 1, 2016, penalties for not filing correct information returns and/or not furnishing correct payee statements have increased and are now subject to inflationary adjustments.…
Read MoreTreasury and IRS Announce 90-Day Delay for Tax Payment Deadline
UPDATE: Since this article was published, Treasury Secretary Steven Mnuchin has announced that the tax filing deadline for the 2019 tax year will also be extended by 90 days to…
Read MoreThe Professional Association of Small Business Accountants Holds 13th Annual Awards Ceremony and Honors Six Members
The Professional Association of Small Business Accountants Clearwater Beach, FL, May 8, 2019 — The Professional Association of Small Business Accountants held its 13th annual awards ceremony at the 2019…
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