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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.
Tag Archives: Carol McAtee & Associates
#COVID-19 PPP Loan Forgiveness and Furloughed Employees Part 3 of 3
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
Posted in Accounting, Business, Business Taxes, Covid-19, Payroll, Taxes
Tagged #ACCPAS, #COVID19, Carol McAtee, Carol McAtee & Associates, Payroll, PPP, SBA Loans, St. Petersburg Florida CPA
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#COVID-19 Employer Payroll Tax Deferral UPDTD Part 2 of 3.
“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
Posted in Business, Business Taxes, Covid-19, IRS, Payroll, Taxes
Tagged #ACCPAS, #COVID19, Carol McAtee & Associates, IRS, Payroll, St. Petersburg Florida CPA
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#COVID-19 Employee Retention Tax Credit (ERTC) Part 1 of 3.
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
Posted in Business, Business Taxes, Covid-19, General Interest, IRS, Payroll, Taxes
Tagged #ACCPAS, #COVID19, #mcateeandassociates, Carol McAtee & Associates, IRS, Payroll, St. Petersburg Florida CPA, Taxes
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#COVID-19 Employer Payroll Tax Deferral
“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
Posted in Accounting, Business, Covid-19, Individual, Taxes
Tagged #ACCPAS, #COVID19, Carol McAtee & Associates, McAtee & Associates, Planning Tip, SBA Loans, St. Petersburg Florida CPA
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#COVID-19 City of Gulfport – Gateway Grant-BUSINESS
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
Posted in Business, Business Taxes, Covid-19, General Interest, Taxes
Tagged #ACCPAS, #COVID19, Carol McAtee, Carol McAtee & Associates, McAteeCPAs
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COVID-19 IRS’ People First Initiative – Tax Relief for Not the Everyday Stuff
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
Posted in Business, Business Taxes, Covid-19, Individual, Individual Taxes, IRS, Tax Planning, Taxes
Tagged #ACCPAS, #COVID19, #mcateeandassociates, Carol McAtee & Associates, McAtee & Associates, St. Petersburg Florida CPA
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#COVID-19 #GivingTuesdayNow
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
Posted in Business, Business Taxes, Covid-19, General Interest, Individual, Individual Taxes, Taxes
Tagged #ACCPAS, Carol McAtee, Carol McAtee & Associates, Individual Taxes, St. Petersburg Florida CPA
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#COVID-19 Hillsborough County – Rapid Response Recovery Program (R3)
Opened Monday 4/27/2020 AND Closed Wednesday 4/29/2020 The Hillsborough County Board of County Commissioners is aiming to deploy its $256M from the CARES Act. $15M was allocated to the county’s social services department to augment existing programs for INDIVIDUALS. 30,000 … Continue reading
Posted in Covid-19, General Interest, Individual
Tagged #ACCPAS, #covid-19, #COVID19, Carol McAtee, Carol McAtee & Associates, St. Petersburg Florida CPA
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#COVID-19 Florida Tax Relief – Corporate Income & Franchise Returns AND Payments
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
Posted in Business, Business Taxes, Covid-19, Tax Planning, Taxes
Tagged #ACCPAS, #covid-19, #mcateeandassociates, Carol McAtee, Carol McAtee & Associates, St. Petersburg Florida CPA
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UPDATED 04/30/2020 – COVID-19 City of Saint Petersburg – Fighting Chance Fund
City of Saint Petersburg – Fighting Chance Fund REOPENS THURSDAY, APRIL 30, 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 … Continue reading
Posted in Business, Covid-19, General Interest, Individual
Tagged #ACCPAS, #covid-19, Carol McAtee & Associates, McAteeCPAs, St. Petersburg Florida CPA
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