by TJS Staff | Aug 31, 2020 | Rules & Laws, Taxes
On Friday, August 28, 2020, the IRS issued guidance related to President Trump’s executive order for the deferral of payroll taxes, specifically the employee share of the Social Security tax. The order indicates that the employer has the option to defer withholding...
by TJS Staff | Jun 12, 2020 | Rules & Laws, Taxes
We are aware that many small businesses have applied for and received loans under the Paycheck Protection Program (PPP) with the intent that those loans will be forgiven. The guidelines are ever changing, but we want to provide clients with the most up to date...
by TJS Staff | Apr 1, 2020 | Rules & Laws, Taxes
We want to keep you up to date on some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. Below are the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic...
by TJS Staff | Apr 1, 2020 | Rules & Laws, Taxes
The Small Business Administration (SBA) has a new website called Coronavirus (COVID-19): Small Business Guidance and Loan resources. The new website includes information on the Paycheck Protection Program, Economic Injury Disaster Loans, SBA debt relief, SBA Express...
by TJS Staff | Mar 29, 2020 | Rules & Laws, Taxes
We are aware of the uncertainty that is swirling amid the recent COVID-19 outbreak, especially for small businesses and individuals. We are doing our best to stay up to date on the ever changing legislation and relief aid that could affect you and your businesses. ...
by TJS Staff | Jan 6, 2020 | Rules & Laws, Taxes
As we enter the 2019 filing season we now have a year of the Tax Cuts and Jobs Act (TCJA) of 2018 under our belts. During the 2018 filing season there was still a lot of “gray area” when it came to the Qualified Business Income Deduction (QBI) and what qualified for...
