Exceeding Expectations. Always. — Business Advisors and CPAs


Employers Can Defer Employment Tax Deposits Until PPP Loan is Forgiven

Employers of all sizes can defer the deposit and payment of the employer's share of Social Security taxes.
Posted: April 28th, 2020 | Permalink

Paycheck Protection Program (PPP) Update & Report (April 16, 2020)

We have included a few report highlights, along with the full report from the Small Business Administration on Paycheck Protection Program loans for you to view.
Posted: April 24th, 2020 | Permalink

Federal Tax Day - IRS FAQ Clarifies Filing and Payment Extension to July 15 Due to COVID-19,(Mar. 25, 2020)

The IRS has released frequently asked questions FAQs on the extension of the due date for filing income tax returns and payments to July 15, 2020 provided in Notice 2020-18, I.R.B. 2020-15. The FAQs clarify on filing applications for extensions after July 15, the due date for contributions to IRAs and HSAs, as well as other issues.
Posted: March 27th, 2020 | Permalink

IRS Unveils New People First Initiative; COVID-19 Effort Temporarily Adjusts, Suspends Key Compliance Program

To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.
Posted: March 26th, 2020 | Permalink

Unemployment Due To COVID-19

The Georgia Department of Labor (GDOL) has adopted an emergency Rule 300-2-4-0.5 Partial Claims, effective March 16, 2020. The rule mandates all Georgia employers to file partial claims online on behalf of their employees for any week during which an employee (full-time/part-time) works less than full-time due to a partial or total company shutdown caused by the COVID-19 public health emergency.
Posted: March 23rd, 2020 | Permalink