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Topics & tips about accounting, taxes, business, personal finance, and more!
Individual Tax

Application for Paycheck Protection Program Loans Extended

The deadline to apply was extended from June 30 to August 8. If you are a small business and still need financial assistance during these challenging circumstances,you now have more time to do so.  On July 4, President Trump signed a bill that extends the application date for PPP loans to August 8. Key Points:

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Individual Tax

Yes, You Must Pay Taxes on Unemployment Benefits

As of now, the enhanced unemployment benefits put into place under the CARES Act are set to end before July 31. This means the $600 additional federal unemployment per week that millions of Americans have been receiving as aid during the coronavirus pandemic will come to an end. Qualified recipients will be eligible for state

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Individual Tax

2020 Tax extensions you should know about

The coronavirus pandemic has led the IRS to extend important tax deadlines in 2020. This is the first time in my recent memory that the IRS has extended the filing date, so it’s important to plan accordingly and take advantage of it! Here is what you need to know: July 15 is the new April 15 The

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Corporate Tax

How will the IRS treat your Venmo payments to and from your business?

The convenience of Venmo and payment-to-payment apps like Zelle, Chase QuickPay, and Cash App have many businesses, both large and small, using the application to make and receive payments for services and or products. What is Venmo? Venmo is a mobile payment app that allows you to send money from your phone directly to recipients.

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