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.
Tag Archives: IRS
COVID-19 SBA PPP Legislative Update
Changing the PPP rules would be of great benefit across the board. Congress’ CARES Act was based on a two-month period. Congress did not anticipate or plan for many of the glitches and questions things that have unfolded since initial passage. Last week, … Continue reading
Posted in Accounting, Business, Business Taxes, Covid-19, General Interest, IRS, Taxes
Tagged #ACCPAS, Carol McAtee, Carol McAtee & Associates, IRS, PPP, SBA Loans, St. Petersburg Florida CPA
Comments Off on COVID-19 SBA PPP Legislative Update
#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
Comments Off on #COVID-19 Employer Payroll Tax Deferral UPDTD Part 2 of 3.
#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
Comments Off on #COVID-19 Employee Retention Tax Credit (ERTC) Part 1 of 3.
Government Doesn’t Run on Dunkin’!
Here’s what’s up! The longest ever paid vacation for 380,000 furloughed government employees. The longest ever indentured servitude for 420,000 government employees and the Coast Guard as they work without pay. All courtesy of the longest-ever partial government shutdown. By … Continue reading
Posted in IRS, Taxes
Tagged Advanced Premium Tax Credit, Congress, Government shutdown, IRS, Taxes, The View
2 Comments
“Voluntary Compliance” My (fill in the blank)!
Here’s what’s up! America needs tax compliance to pay government’s bills. In all seriousness, voluntary compliance is a principle that we will cooperate with the tax system by filing honest and accurate annual returns and receive excellent customer service along … Continue reading
Posted in Business Taxes, General Interest, Individual Taxes, IRS, Taxes
Tagged frivolous tax argument, IRS, tax code, voluntary compliance
Comments Off on “Voluntary Compliance” My (fill in the blank)!