Business Tax

The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law. Here’s a look at how the rules for claiming certain Business Tax, COVID-19

As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful that these workers are properly classified for Business Tax, COVID-19

The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This is referred to Business Tax, COVID-19, Tax Cuts and Jobs Act

The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided under two laws passed in response Business Tax, COVID-19

The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 Business Tax, COVID-19

On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Employee retention credit The new law provides a refundable payroll tax Business Tax, COVID-19

Below are some high-level bullet points about the legislation that was signed on Friday. Much of the bill is geared towards helping employers keep their employees working. As such, a few of the credits are related to payroll taxes, and we’d advise you to work with your payroll provider to Business Tax, COVID-19, Individual Tax

SBA Disaster Area – Illinois On Tuesday, March 17, 2020, Illinois Governor JB Pritzker requested that the US Small Business Administration (SBA) declare the entire state of Illinois a disaster zone to qualify for SBA assistance. This request was accepted, and SBA Administrator Jovita Carranza declared on Thursday, March 19, Business Tax, COVID-19

Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the federal level). Self-employed people may also be able Business Tax, Tax Cuts and Jobs Act

In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA). The purpose of these letters is to alert employers if there’s a Business Tax