IRS Opens National Tax Security Awareness Week

IRS Opens National Tax Security Awareness Week

The IRS has begun a series of publications on their website to warn taxpayers of potential tax-related identity theft opportunities, and measures that may be taken to avoid headache for taxpayers going forward.  They state that “the combination of the holiday...
Biden’s Tax Plan

Biden’s Tax Plan

With the election occurring a few weeks ago, there are many aspects that everyone should consider. His new tax plan is likely to come in the wake of Democratic candidate Joe Biden’s win. The proposed changes can be a little difficult to figure out, so we have...
Biden’s Tax Plan

PPP Forgiveness Application Update: Loans of $50,000 & Less

On Thursday, October 8, 2020, SBA announced that small businesses with Paycheck Protection loans of $50,000 or less can now use a streamlined application to apply for their loan forgiveness. This news comes as a bit of a relief to many who have been holding out hope...
Biden’s Tax Plan

Key 941 Changes

As we round out the second quarter, which has been an interesting quarter to say the least, you or your payroll provider will be looking at a new quarterly Form 941 to report your federal payroll taxes to the IRS. There are 18 added lines + an additional worksheet in...
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