Topics & tips about accounting, taxes, business, personal finance, and more!
The Senate unanimously passed the Paycheck Protection Program Flexibility Act of 2020 (PPFA) late in the day Wednesday, June 3, 2020. After the House passed the bill last week 417 to 1, the Senate reconvened this week and the bill now advances to President Trump to be signed into law. He is expected to sign
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
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.
You’ve probably heard that the IRS will be making millions of “economic impact payments” (also known as “recovery rebates”) in the coming months to help people stay afloat during this time of economic uncertainty related to the COVID-19 pandemic. Here’s what you need to know about this program. Amount of Payment: The IRS will soon
The Senate unanimously passed a $2 trillion dollar stimulus deal also known as the CARES ACT late last night. The highlight of this package deal includes individual rebate checks to many Americans. The biggest questions now are 1. How will it work? and 2. When should I expect to receive my check? How much money
Extension Date for Tax Filings and Payments On Friday, March 20, 2020, U.S. Secretary of Treasury Steven Mnuchin announced the extension of tax payments to July 15th, 2020. With this postponement, you will not accrue any interest or deal with penalties on tax payments until July 16th. The postponement of payment is up to $1