by Reuven Rubinson | Jun 8, 2020 | Accounting and Taxes
The IRS and SBA will be updating their rules based on the new tax law. https://home.treasury.gov/news/press-releases/sm1026
by Reuven Rubinson | Jun 5, 2020 | Accounting and Taxes
According to Forbes the new bill on the Paychex Protection Program has been signed. Finally some bipartisanship #PPPProgam https://www.forbes.com/sites/allbusiness/2020/06/05/trump-signs-new-law-relaxing-ppp-rules-what-you-need-to-know/#7b56e8b031e3
by Reuven Rubinson | May 28, 2020 | Accounting and Taxes
Here is a great article discussing the PPP program from Accounting Today#PPPProgram https://www.accountingtoday.com/list/10-takeaways-on-the-ppp-loan-forgiveness-application
by Reuven Rubinson | Jan 19, 2018 | Accounting and Taxes
Beginning the week of January 22, 2018 the IRS will begin certifying Seriously Delinquent Taxpayers (SDT) that owe more than $51,000 (amount adjusted for CPI annually) and the taxpayer is not working with the IRS to settle the debt with the IRS. Taxpayers will begin...
by Reuven Rubinson | Dec 28, 2017 | Accounting and Taxes
IRS: 2018 property taxes deductible if assessed and paid in 2017 – Says the headlines, but you really need to look closer. Here are 2 examples that the IRS gives and the 2nd one says the property taxes are not deductible The following examples illustrate these...
by Reuven Rubinson | Dec 22, 2017 | Accounting and Taxes
The new tax bill increases the standard deduction to $12,000 for individuals and $24,000 for married couples. As a result, some taxpayers may wish to accelerate their itemized deductions into 2017 because they will no longer be able to itemize in 2018. In addition, in...
