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Category: Tax Services

CARES Act - Employee Retention Credit

March 31, 2020 by Allison Stevens
Tax Services
Background The new law establishes a payroll tax credit for employers subject to closure or experiencing economic hardship due to COVID-19. The business must meet one of two tests for its wages to qualify for the credit: 1. Business is fully or partially shut down due to orders from a...
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Individual COVID-19 Stimulus Rebate Payment

March 30, 2020 by Andy Graf
Tax Services
The Coronavirus Aid, Relief, and Economic Security Act was signed by President Trump on March 27, 2020.  As part of this new law, stimulus rebate payments will soon be getting sent to most individuals. Taxpayers are eligible for a rebate payment equal to the sum of $1,200 ($2,400 for joint...
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Families First Coronavirus Response Act

March 24, 2020 by Allison Stevens
Tax Services
FAMILIES FIRST CORONAVIRUS RESPONSE ACT The Families First Coronavirus Response Act, has been signed by the President and includes mandatory paid leave requirements and related tax credits that will affect many small businesses.  These new rules are effective April 2, 2020. Required Paid Leave  Employers with fewer than 500 employees...
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