FICA Tax Deferral Recommendations
On Friday, August 28, 2020, the IRS issued guidance for implementing the employee FICA tax deferral from the August 8, 2020 Executive Order. Based on the information received, “employers that are [...]
Derecho Disaster & Emergency Relief Assistance
The Internal Revenue Service is now extending the October 15th tax filing deadline, along with other upcoming deadlines to December 15th for victims of the Iowa derecho. Currently, the IRS is [...]
Should I be applying for PPP loan forgiveness?
Should I Be Applying For PPP Loan Forgiveness? Our recommendation to all of our clients is to wait to apply for PPP loan forgiveness. Yes, the application looks easy to complete. Yes, your [...]
COVID-19 Resources
COVID-19 Small Business Resources With the effect COVID-19 has had on individuals, families, and small businesses, there are many resources out to assist those struggling right now. We have [...]
Stimulus Deal – Update
On April 1, 2020 the U.S. Department of the Treasury and the Internal Revenue Service announced that Social Security beneficiaries that typically do not have to file a tax return will not need to [...]
Families First Coronavirus Response Act and How It Impacts Your Business
To lessen the economic consequences from Coronavirus (COVID-19), President Trump has signed the Families First Coronavirus Act. This act is intended to provide free coronavirus testing, family [...]
SBA Disaster Assistance Webinars for Small Businesses
SBA Disaster Assistance Webinars for Small Businesses Tuesday March 24th and Thursday March 26th 2:30-4:00 p.m. The SBA’s Iowa District Office will host two Webinars this week to give an overview [...]
April 15th Tax Deadline Moved to July 15th
On March 20th, Treasury Secretary Steven Mnuchin announced in a couple tweets that the IRS will be moving Tax Day from April 15th to July 15th. “At @realDonaldTrump’s direction, we are moving Tax [...]
