The coronavirus (COVID-19) pandemic has already had widespread effects on the U.S. economy. Demand for many goods and services has stalled. Unemployment claims have skyrocketed. And many schools and businesses are operating online — if at all. Life has changed dramatically…
As part of the Coronavirus Preparedness and Response Supplemental Appropriations Act, which was signed by President Trump on March 6, 2020, the Small Business Administration (SBA) was authorized to provide low-interest loans to U.S. small businesses and nonprofits suffering substantial…
As you may have heard, there are significant changes to tax filing and payment deadlines. Federal The Internal Revenue Service (IRS) recently issued guidance allowing all taxpayers (this includes individuals, estates, trusts and corporations) to defer payment of federal income…
By Stacy (Smith) Randel, CPA We’re heading into a new year; W-2s are out the door, you’re starting to think about your 2019 tax return…what else should you be doing when it comes to your finances? Let’s talk about record…
With over 100 million members, it's surprising internet criminals haven't targeted this ever-expanding group sooner. Amazon Prime members are now being targeted and cyber criminals are trying to trick them into handing over their account credentials, personal information, and financial…
You don’t think a cybersecurity incident will happen to you until it does! September is National Preparedness Month, a reminder to families and businesses to take time to look at disaster and emergency planning. This year’s theme is Be Prepared,…
With a September 30 deadline looming, employers with 100 or more employees need to prepare and submit EEO-1 Component 2 information. The Component 2 requires employers to report wage information from W-2 forms along with total hours worked by employees…
On July 1, 2019, Uber Eats began collecting sales tax for orders placed through the service in 14 states and the District of Columbia. The amount collected included both state and local sales taxes (if applicable), but the company has…
You may have heard about the upcoming ‘go live’ July 1, 2019 date for Uber Eats to begin calculating, collecting and remitting sales tax on behalf of restaurants. This change could cause confusion for restaurant owners who could be concerned…
The IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average value rule. Employers can use the rules to value an employee’s personal use of such a vehicle for income and…