The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation on June 3rd, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. Following is a summary of the legislation’s main points compiled by the AICPA: Current PPP More
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Online Client Portals Are Now Available
We are happy to provide our services to our clients during these rapidly changing times. The health and safety of our clients and our staff are uppermost in our minds. We are happy to announce that we have added another secure, contact-free way to submit financial information to us. Client Portals are now available to More
IRS Unveils New “People First” Initiative
R-2020-59, March 25, 2020 WASHINGTON — To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions. “The IRS is taking extraordinary steps to help the More
Statement Regarding the Coronavirus Pandemic
Statement Regarding the Coronavirus Pandemic March 27, 2020 To Our Valued Clients: We are all concerned about the current COVID-19 pandemic that is affecting of our daily lives. Schools, restaurants, theaters, churches and businesses have all closed their doors to help prevent the spread of the coronavirus and decrease the number of people who may More
Congress Extends Disaster Tax Relief Act
On December 20, 2019 the “Taxpayer Certainty and Disaster Tax Relief Act of 2019” was signed into law. There are several provisions that may affect an individuals’ or employers’ taxes. For more information on any of these items please call our office at 518.636.5166 or email Rick. Exclusion from gross income of discharge of qualified More