Category Archives: Taxes

COVID-19 Why Hasn’t My Friend Gotten Their Stimulus Check?

Posted on May 23, 2020 by

On April 16, 2020 we published The Corona Virus Version of Where’s My Refund which highlighted Just Asking for A Friend.  Today we publish Why Hasn’t My Friend Gotten Their Stimulus Check?   In case your friend is wondering where the … Continue reading →

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#COVID-19 Still Some PPP Left

Posted on May 22, 2020 by

Word on the street is there remains $70 billion in SBA PPP funding. That first 349B$ April 3 was gone in a matter of several days. Near the end of April, it was replenished with 310B$. Plus, all the returns-the … Continue reading →

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#COVID-19 PPP Loan Forgiveness and Furloughed Employees Part 3 of 3

Posted on May 14, 2020 by

You want them back but you really shouldn’t call or text. Give the furloughed employee a written Offer of Recall that documents: Return to work date. Terms of employment – Position, Supervisor, Responsibilities/Job description, Salary/hourly rate, Hours, and whether Exempt/Non-exempt … Continue reading →

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#COVID-19 Employer Payroll Tax Deferral UPDTD Part 2 of 3.

Posted on May 13, 2020 by

“Section 2302 of the CARES Act provides that the payment and deposit of the employer’s share of the social security portion of FICA tax and the employer’s share of the social security portion of RRTA tax for deposits that are … Continue reading →

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#COVID-19 Employee Retention Tax Credit (ERTC) Part 1 of 3.

Posted on May 13, 2020 by

The ERTC is encouragement, for employers to keep paying employees, in the form of a refundable credit equal to 50% of up to $10,000 of qualified wages for a maximum $5,000 credit – per employee. The credit is taken against … Continue reading →

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#COVID-19 Employer Payroll Tax Deferral

Posted on May 7, 2020 by

“Section 2302 of the CARES Act provides that the payment and deposit of the employer’s share of the social security portion of FICA tax and the employer’s share of the social security portion of RRTA tax for deposits that are … Continue reading →

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#COVID-19 City of Gulfport – Gateway Grant-BUSINESS

Posted on May 6, 2020 by

City of Gulfport – Gateway Grant OPENS WEDNESDAY May 6, 2020 FIRST-COME, FIRST-SERVE Stroll down any Main Street, USA. Stores with closed signs. Empty storefront parking spaces. Idle exercise equipment. Uncoiffed dogs out walking. Styrofoam to go containers have taken … Continue reading →

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COVID-19 IRS’ People First Initiative – Tax Relief for Not the Everyday Stuff

Posted on May 6, 2020 by

The IRS People First Initiative aims to ease payment guidelines and postpone compliance and enforcement actions for an initial period of April 1, 2020 through July 15, 2020. Automated Liens and Levies. Suspended. Earned Income Credit & Wage Verification. Taxpayers … Continue reading →

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#COVID-19 #GivingTuesdayNow

Posted on May 5, 2020 by

Today is the day to give! To give what you can and be a part of this global day of giving in response to COVID-19. Today is in addition to the regularly scheduled December 1st, 2020 #GivingTuesday. Perhaps we can … Continue reading →

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#COVID-19 Florida Tax Relief – Corporate Income & Franchise Returns AND Payments

Posted on May 1, 2020 by

Monday, April 27, 2020 the Florida Department of Revenue issued Order of Emergency # 20-52-DOR-003 (Corporate Income Tax). For entities with a fiscal year ending December 31, 2019: • The May 1, 2020, due date for Florida Corporate Income & … Continue reading →

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