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 […]

Filing Deadline to Be Extended In Addition to Payment Deadlines

This morning, the US Treasury announced its intention to delay the filing deadline for 2019 personal income tax returns from April 15, 2020 to July 15, 2020. This comes after the IRS announced earlier in the week that payments were delayed from April 15, 2020 to July 15, 2020. Here’s what we now know. The […]

The Coronavirus Pandemic Has Affected Me Financially – What Can I Do?

You probably know many people, yourself and family included, who have been impacted by the financial crisis and community shutdowns. CASH FLOW SAVINGS: Remember, Cash is King! You may have heard this. It is true in any situation but especially in a financial crisis. Watch your Accounts Receivable that your customers owe you. Collect on […]

A Letter to Our Clients

No, this is NOT just another “here’s what we’re doing about COVID-19” message. The time for that was last week. Every brand and their brother sent out those messages, and they lost their usefulness — right now, it’s a marketplace expectation that we’re all taking serious steps. Regardless of what you feel about this situation, or […]

IRS Provides Details on 2019 Tax Payment Delay

The IRS released formal details concerning the delay in payments for tax year 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 […]

Can Business Owners File for State Unemployment?

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, […]