Tax Matters2019-06-10T15:28:52+00:00

Tax Matters

CARES Act

March 31, 2020

We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout.  We are providing an update on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic stimulus package that the […]
Tax Matters|

Rent Relief

March 28, 2020

For business owners and nonprofit organizations, the loss of customers, cancellation of activities and slow down of work due to the Coronavirus Pandemic will have a big impact on the bottom line.

If you find that you need to reduce expenses at this time, we suggest that you reach out to your landlord now and alert them to your situation.  We have attached a sample letter that you […]

Tax Matters|

Beware: Coronavirus may affect financial reporting

March 19, 2020

The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you also may be worried about how it will affect your business and its financial statements for 2019 and beyond.

Close up on financial reporting

The duration and full effects of the COVID-19 outbreak are yet unknown, but the financial impacts are already widespread. When preparing financial statements, consider whether this outbreak will have […]

Tax Matters|

Employee vs. independent contractor: How should you handle worker classification?

June 7, 2019 – Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply to reduce taxes or avoid their employee benefit obligations.

Why it matters

When your business classifies a worker […]

Tax Matters|

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