Richard W. Fuller, CPA Privacy Policy The personal, non-public information we collect about you has been derived from the following sources: 1. Applications, tax preparation worksheets and any other documents that you may have provided for us in preparing your tax return. 2. Transactions with us or others. 3. Information we receive from a consumer More
News
IRS Enters Next Stage of Employee Retention Credit Work; Review Indicates Vast Majority Show Risk of Being Improper
Highest-risk claims being denied, additional processing to begin on low-risk claims; heightened scrutiny and review continues as compliance work tops $2 billion; IRS will consult with Congress on potential legislative action before making decision on future of moratorium IR-2024-169, June 20, 2024 WASHINGTON — Following a detailed review to protect taxpayers and small businesses, the More
Second Round of Paycheck Protection Program Loans Available
After much deliberation, Congress finally agreed to approve a $900 billion COVID-19 relief package as part of the Consolidated Appropriations Act, 2021. Included in that amount is $284 billion for a second round of the Paycheck Protection Program (PPP). The new relief package includes: • additional funding for new PPP loans • the ability to More
New York State’s New Paid Sick Leave Law Goes Into Effect September 30, 2020
New York State will soon require all employers to provide sick leave to employees. The New York State Sick Leave (NYSSL) law goes into effect September 30, 2020, but employees are not entitled to use NYSSL until January 1, 2021. Other key points of the new law include: The amount of NYSSL employees will be entitled to More
New PPP Loan Forgiveness Form Now Available, Including EZ Form
On June 17th, the Small Business Administration (SBA) released a revised, and hopefully a final, forgiveness application for the Paycheck Protection Program (PPP), including a new EZ application that appears many business owners may qualify for. Also, just the day before, the SBA issued a new Final Interim Rule with guidance for determining payroll costs and More