by Brian Hare, CPA, CGMA | Nov 6, 2020 | Business
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment of certain payroll tax obligations. The three-page guidance in Notice 2020-65 was issued to implement President Trump’s...
by Paula Kennedy, EA | Nov 6, 2020 | Tax
COVID-19 has changed our lives in many ways, and some of the changes have 2020 tax implications. Here is basic information about two common situations. 1. Working from home. Many employees have been told not to come into their workplaces due to the pandemic. If...
by Paula Kennedy, EA | Nov 6, 2020 | Tax
If you’re buying a home, or you just bought one, you may wonder if you can deduct mortgage seller paid points on your behalf by the seller. Yes, you can, subject to some important limitations described below. Despite the COVID-19 pandemic, the National Association of...
by Brian Hare, CPA, CGMA | Nov 4, 2020 | Business
As year-end draws near, many businesses will be not only be generating their fourth quarter financial statements, but also looking back on the entire year’s financials. And what a year it’s been. The COVID-19 pandemic and resulting economic fallout have likely...
by Brian Hare, CPA, CGMA | Nov 4, 2020 | Business
It’s been a year like no other. The sudden impact of the COVID-19 pandemic in March forced every business owner — ready or not — to execute his or her disaster response plan. So, how did yours do? Although it may still be a little early to do a complete assessment of...
