Covid-19 Consulting Services Now Available for Your Business

covid-19 consulting services

Are you in need of Covid-19 consulting services to help find your way through the dizzying changes in tax and lending laws? There is no doubt, the new Covid-19 tax laws and Small Business Administration loan options are complex. And the options are bewildering. Look at the options that have popped up in just the […]

Can My Dependent Receive a Stimulus Check?

dependent stimulus check

A common question we get is whether a taxpayer’s dependent child will get an advance stimulus check in 2020. The recent IRS guidance was not clear as to this answer, so here is the answer. Unfortunately, the new law specifically excludes anyone who is a dependent from getting the advance stimulus check. A dependent is […]

Disaster Assistance Loan Through the SBA For Your Small Businesses

disaster assistance loan

The CARES Act provides special funding and relaxes rules for the SBA and banks to dole out billions of dollars to small business owners, including the self-employed to keep them afloat during the Coronavirus crisis. This is a confusing area for many business owners looking for disaster assistance loan from this new bill passed just […]

Economic Impact Payments – IRS Provides Details on Stimulus Checks

economic impact payments

Last week, we posted about the details of the Stimulus Checks approved by recent legislation. Today, the Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments (also known as “Stimulus Checks”) will begin in the next three weeks and will be distributed automatically, with no action required for most […]

Coronavirus Retirement Plan Distributions Under The Care Act

Coronavirus Retirment Plan Distributions

The CARES Act is making it easier for you to tap your retirement plan to help get through the financial crisis caused by the Coronavirus pandemic. The law allows for Coronavirus retirement plan distributions and loans. The loans aspect can be a fantastic way for small business owners to tap their retirement plan for very […]

Paid Sick Leave and Family Medical Leave Act for Small Business

The Families First Coronavirus Response Act was passed on march 18, 2020 and will go into effect April 1, 2020. There are two components to this bill: Emergency Paid Sick Leave for when one of your employees are sick or caring for someone who is sick or in quarantine, and Paid Family And Medical Leave […]

IRA contribution deadlines for 2019 extended to 7/15/2020

IRA contribution deadlines

The IRS clarified some questions about the 2019 individual income tax return filing deadline delays today. In an FAQ page released today, the IRS clarified that IRA contribution deadlines and HSA contribution deadlines for 2019 were extended to July 15, 2020, the new filing deadline for 2019 individual income tax returns. These are two of […]

Colorado Extends Income Tax Payment Deadlines During COVID-19 Emergency

On March 23, 2020, the Colorado Department of Revenue announced payment deadline delays for 2019 and 2020 estimated taxes. The following comes straight from the CO DOR. The Colorado Department of Revenue (CDOR) announced today that they will extend the Income Tax payment deadline by 90 days to July 15, 2020. This extension will be similar […]