by Heimlantz | Sep 2, 2020 | Covid-19, Professional Firms
On Friday, August 28, the Internal Revenue Service (IRS) released Notice 2020-65, which offers guidance regarding the implementation of the Presidential Memorandum on the deferment of some payroll taxes. The memorandum, which was released by the President on August...
by Heimlantz | Aug 20, 2020 | Professional Firms
This article discusses how the coronavirus pandemic is impacting a number of industries in multiple ways. Some of the trends include working from home, hiring based on technology skill set, and restaurants teaming up with delivery services permanently. No matter your...
by Heimlantz | Aug 18, 2020 | Professional Firms
Spending the PPP Money on You and Your Employees If you report your business income and expenses on Schedule C of your Form 1040, your Payroll Protection Program (PPP) loan forgiveness is straightforward, as you see in the four answers below. Paying Myself Question. I...
by Heimlantz | Aug 18, 2020 | Professional Firms
In times past, mailing a tax payment to the IRS was reliable and simple. Due to recent changes at the United States Postal Service, a large majority of mail is unprocessed and backlogged throughout the country. Coupled with delays caused by the ongoing COVID...
by Heimlantz | Aug 14, 2020 | Construction
This article discusses how the coronavirus has impacted the construction industry on a number of levels. However, the industry as a whole was recovering until the recent spikes in COVID-19 in some states. In fact, “Nonresidential building starts were down 7 percent...
