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09 Apr Understanding the Economic Impact Payment

Things are changing by the minute regarding taxes, the IRS, and the Economic Impact Payment. After the CARES Act was passed at the end of March, the government agreed to send stimulus checks to qualifying taxpayers. For those who have direct deposit information with the IRS, those checks could be coming as soon as next...

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03 Apr Coronavirus Small Business Loan Program: A Breakdown

Many things have changed due to the COVID-19 pandemic. It has shut down countless businesses across the country. However, the government passed a bill that would provide relief to small businesses affected by this disaster. As of April 3, applications for the Coronavirus Small Business Loan Program are being accepted. Here is a breakdown of what...

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24 Mar Tax Filing Extension: What to Do With Those Extra 3 Months

If you haven't already heard, the IRS officially pushed Tax Day back from April 15 to July 15. That gives taxpayers an extra 3 months to file their returns amidst all the closings and quarantines. That's a huge relief to both taxpayers and accountants, but this tax-filing extension presents another question: What should you do with...

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06 Mar What Documents Do I Need to File Taxes in 2020?

The time to file your taxes is now. You might have a little more than one month to get it done, but we all know how the "we'll do it tomorrow" philosophy goes. The sooner you're prepared, the easier your taxes will be to file. Before you dive right in, we've broken down the documents...

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