HEROES ACT Can Combat Economic Downtown

Category Archives: Tax and Financial News

HEROES ACT Can Combat Economic Downtown

🖨 Print⏱ 3 min readShare by The HEROES Act, otherwise known as the Health and Economic Recovery Omnibus Emergency Solutions Act, can greatly improve the benefits for the earned income tax credit (EITC) for eligible workers who don’t have children. … Continue reading →

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IRS Questions and Answers on COVID-19 IRA and 401(k) Loans & Distributions

🖨 Print⏱ 3 min readShare by The CARES Act stimulus package substantially relaxed the rules around certain retirement account loan and distribution requirements, but with much confusion. As a result, the IRS recently put out a FAQ document to address … Continue reading →

Posted in Blog, Tax and Financial News |

Be Right About Free Money: Potential Legal Risks of the Paycheck Protection Loan Program

🖨 Print⏱ 3 min readShare by One of the most important provisions of the CARES Act for small businesses is called the Paycheck Protection Program (PPP). The PPP is a $349 billion program designed to assist small businesses (fewer than … Continue reading →

Posted in Blog, Tax and Financial News |

Should You File an Amended 2018 Return?

🖨 Print⏱ 3 min readShare by During the holiday season in December, Congress passed the Consolidated Budget Appropriations Act of 2020. Included in this Act was a tax package that renewed more than 24 tax provisions through what are known … Continue reading →

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Taxes and Tariffs: The U.S. Response to France’s Digital Tax

🖨 Print⏱ 3 min readShare by How it All Started Back in July of 2019, France passed what was dubbed a “digital tax” targeting the largest tech companies. Impacting approximately 30 big companies such as Amazon, Google, Facebook and Apple, … Continue reading →

Posted in Blog, Tax and Financial News |

When Should You Switch Your Side Hustle to a Business Entity Structure?

🖨 Print⏱ 4 min readShare by Starting a side hustle today is easier than ever. Between the numerous websites that act as marketplaces and project jobs that can be found on the internet, almost anyone can turn a skill or … Continue reading →

Posted in Blog, Tax and Financial News |
 

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