News Category: Tax Advisory: U.S. Federal

March 18, 2021

Individual Tax Filing Deadline Moved to May 17th

The IRS announced on Wednesday March 17th, 2021 that the federal income tax filing due date for individuals for the 2020 … Read more…

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January 3, 2021

Understanding Qualified Disaster Relief Payments

Business owners and employees alike have endured possibly the most stressful year of their careers thus far. With the end of … Read more…

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December 28, 2020

NEW Stimulus Bill Signed Into Law!

On December 20th, Congress finally came to an agreement on a new stimulus bill for individuals and small businesses.  Here … Read more…

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October 30, 2020

Family First Coronavirus Response Act (FFCRA): Small Business Exemption

The Families First Coronavirus Response Act (FFCRA) requires that employers provide paid sick leave or expanded family and medical leave … Read more…

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September 10, 2020

New PPP Guidance and Next Steps

August was another very busy month in the world of PPP loan forgiveness.  This is the timeline of the information … Read more…

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September 2, 2020

Guidance Provided on Payroll Tax Deferral

Late on Friday, August 28th, the Internal Revenue Service issued guidance on the payroll tax deferral ordered by the President … Read more…

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August 27, 2020

AICPA Requests Guidance, Clarity on Executive Order for Payroll Tax Deferral

On August 8, President Donald Trump signed an executive order authorizing a temporary payroll tax deferral for American workers. The … Read more…

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August 5, 2020

PPP Loans: Accounting & Financial Reporting Considerations for Business Entities

The Paycheck Protection Program (PPP) has been a savior to many companies, but it has also certainly come with its … Read more…

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August 5, 2020

PPP Loans: Nonprofit Accounting & Reporting Considerations in Accordance with US GAAP

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April 10, 2020

Tax Filing & Payment Deadline Update

Updated: 4/10/20, 5:10PM PST On April 9th, the IRS issued Notice 2020-23, which provides even more expansive filing and payment … Read more…

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