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Second Round of Coronavirus relief and Employee Retention Credit

Second Round of Coronavirus relief The second round of Coronavirus relief funding was approved last Friday, so apply as soon as possible through your preferred financial institution. As you might know, the first round of funding lasted less than two weeks and some of the banks had a relatively small allocation running out of funds in a matter

By |2025-01-12T08:00:53+00:00April 29th, 2020|Categories: Individuals|Tags: , , , , , , |

Federal Unemployment – Pandemic Unemployment Compensation (PUC)

The PUA/ PUC are applicable to independent contractors, self employed, employees that would not qualify for regular state unemployment, etc. They have to file with the State Unemployment and they will get rejected. They will need to keep the document of this rejection in other to apply to the PUA, PUC or similar program once

By |2025-01-09T07:08:48+00:00April 11th, 2020|Categories: Individuals|Tags: , , , |

Stimulus Packages (CARE Act) available to Individuals

On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which is aimed at providing financial relief for the economic downturn caused by the Coronavirus pandemic. This summary includes some of the more pertinent issues to individuals.  Assistance for American Residents All U.S. residents with adjusted gross

By |2025-01-12T16:36:03+00:00March 30th, 2020|Categories: Individuals|Tags: , , , |

Tax Extensions – Federal, State and Local

In this period of uncertainty and chaos, we strongly believe that informed individuals take better decisions. These are some updates available as of 3/21/2020. For any additional questions, please, reach out to our office. Federal IRS extends the filing tax deadline and payment to July 15, 2020 (90 days) https://www.irs.gov/coronavirus Payment Plan IRS - There

By |2025-01-12T16:50:20+00:00March 22nd, 2020|Categories: Individuals|Tags: , , , |
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