Follow Us!
-
Recent Posts
Recent Comments
Archives
Categories
Meta
-
Disclaimer
-
ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, BY A CLIENT OR ANY OTHER PERSON OR ENTITY FOR THE PURPOSE OF (i) AVOIDING PENALTIES THAT MAY BE IMPOSED ON ANY TAXPAYER OR (ii) PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY MATTERS ADDRESSED HEREIN.
Author Archives: Carol
UPDTD #COVID-19 Paycheck Protection Program (CARES) Part 1 – The Loan
COVID-19 Paycheck Protection Program (CARES) Part 1 – The Loan UPDATED 04/08/2020 Coronavirus Aid, Relief, and Economic Security. CARES among many other things provides 349 Billion $$$ in forgivable loans used to pay employees and to a lesser extent, other … Continue reading
Posted in Business, Covid-19, General Interest
Tagged #covid-19, Carol McAtee & Associates, Paycheck Protection Program, PPP, SBA Loans
Comments Off on UPDTD #COVID-19 Paycheck Protection Program (CARES) Part 1 – The Loan
#COVID-19 Florida Small Business Emergency Bridge Loan (EBL) Program
Florida Small Business Emergency Bridge Loan (EBL) Program Managed by: Florida Department of Economic Opportunity (DEO). Application period: March 17, 2020 through May 8, 2020. Application period is also contingent upon fund availability. Eligibility: Small business owner with two to … Continue reading
Posted in Covid-19, General Interest
Tagged #covid-19, #mcateeandassociates
Comments Off on #COVID-19 Florida Small Business Emergency Bridge Loan (EBL) Program
#COVID-19 UPDTD SBA Economic Injury Disaster Loans (EIDL)
Updated 04/14/2020 for SBA clarification Our whole nation is a declared disaster area. Structures are still standing and the power is on. But the financial fallout is everywhere. An SBA Economic Injury Disaster Loan could provide the necessary working capital … Continue reading
Posted in Covid-19, General Interest
Tagged #covid-19, #mcateeandassociates, SBA Loans
Comments Off on #COVID-19 UPDTD SBA Economic Injury Disaster Loans (EIDL)
Keeping Track…of expenses. The first of a two-part series.
There are so many things we keep track of on a daily basis: bank balances, dogs, kids, and how much gas is in the tank. But if you’re a business owner, you’re also tracking expenses. There’s two ways to dress … Continue reading
Posted in Accounting, General Interest
Tagged Carol McAtee, McAtee & Associates
Comments Off on Keeping Track…of expenses. The first of a two-part series.
Timely Mailed = Timely Filed…Or Does It?
Last week we introduced the Mailbox Rule. This week we tell a tale of how serious it is when “timely mailed = timely filed” meets “he said-she said”. This is a story, sad but true. Many years ago in 2005, … Continue reading
Posted in Court Cases, General Interest, IRS, Supreme Court, Tax Court, Taxes
Comments Off on Timely Mailed = Timely Filed…Or Does It?
The Mailbox Rule
Taxpayers mail all sorts of things other than tax returns. There are other information returns, petitions, and payments, all of which are crucially important to arrive at the IRS on time. Taxpayers use USPS, DHL, FedEx and UPS. Taxpayers drop … Continue reading
Posted in General Interest, IRS
Comments Off on The Mailbox Rule
2020 Legislative Changes to Efiling
On July 1, 2019, President Trump signed into law the Taxpayer First Act of 2019 (TFA), designed to improve the IRS’ interactions with us taxpayers by enacting changes to the IRS’s organizational structure, customer service, enforcement procedures, management of information … Continue reading
Posted in Business Taxes, Individual Taxes, IRS, Taxes
Comments Off on 2020 Legislative Changes to Efiling
We Are, After All, IRS Customers
The IRS as usual is patting its own back on how great they did customer service-wise during the 2019 tax season. The National Taxpayer Advocate (NTA) recently released its Annual Report to Congress and as is every year the reviews … Continue reading
Posted in General Interest, IRS
Comments Off on We Are, After All, IRS Customers
Series. Part 4 of 4. 2020 Legislative Changes to Retirement Plans.
This is the last of our four-part series: 2020 Legislative Changes to Retirement Plans. Just about two months ago, on December 20, 2019 President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) approved by the … Continue reading
Posted in Retirement Planning, Tax Planning
Comments Off on Series. Part 4 of 4. 2020 Legislative Changes to Retirement Plans.
Self-employed Plans – SEP IRAs and SIMPLE
Series. Part 3 of 4. Self-employed Plans: SEP IRA and SIMPLE. We have talked about retirement vehicles: Traditional & Roth IRAs. Last week we talked about a garage they can be parked in: Employer-provided retirement plans. In this second to … Continue reading
Posted in General Interest, Individual Taxes, Retirement Planning, Taxes
Comments Off on Self-employed Plans – SEP IRAs and SIMPLE