by Paula Kennedy, EA | Apr 24, 2020 | COVID-19
Millions of eligible Americans have already received their Economic Impact Payment (EIP) via direct deposit or paper checks, according to the IRS. Others are still waiting. The payments are part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Here...
by Paula Kennedy, EA | Apr 24, 2020 | COVID-19
As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes that were part of a tax law passed on March 27, including adjusted retirement plan &...
by Paula Kennedy, EA | Apr 11, 2020 | COVID-19
Here’s what to know before scaling back or eliminating employees’ 401(k) contributions: The coronavirus (COVID-19) pandemic has had adverse effects on many industries. Both employers and employees are seeking ways to respond to financial stress resulting...
by Paula Kennedy, EA | Mar 20, 2020 | COVID-19
State Provides Guidance to Employers Contemplating Layoffs Source: Michigan Department of Labor and Economic Opportunity LANSING, MICH. The Department of Labor and Economic Opportunity today provided guidance to Michigan employers on how to avoid potential layoffs...
by Paula Kennedy, EA | Mar 16, 2020 | Tax
The 2019 gift tax return deadline is looming. If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return. And in some cases, even if it’s not required to file...
