Yesterday, the Treasury Secretary announced a delay in the payment deadlines for 2019 tax returns. Normally, balances owed on your 2019 tax return must be paid by April 15, 2020 to avoid late payment penalties and interest. The announcement pushed that deadline to July 15, 2020 with no late payment penalties or interest. Here’s what […]
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If you are a business owner and face the risk of shutting down, can you file for state unemployment? The answer will vary by state, but for most states this depends on the entity you choose to run your business. Let me preface this by saying I am not an expert in state unemployment laws, […]
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With the COVID-19 related shutdowns and government mandates, a wide variety of programs and assistance are becoming available for individuals and businesses. Check this site frequently for updates as we assemble a list of programs you may be able to take advantage of. If you are aware of other programs, please comment or drop us […]
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There seems to be a lot of fear and misinformation about filing for an extension for your tax return. Over the years I have seen the media hype the April 15 deadline like it is the final deadline and failure to file will cause problems. That is simply not true. I have counseled clients that […]
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