Tax Facts

Small Businesses Unclear on How and When to File the PPP Forgiveness Loan Application

Many small businesses that obtain the PPP Loan concluded their PPP loans covered periods. The lenders and the SBA flooding the internet with the PPP loan forgiveness applications, it is uncertain when the application is due or if it is currently adequately representing the latest guidelines. Legislative …

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The SBA Provides Further Guidance Related to the PPP Provisional Rules

As we suspected, further guidance was provided by the SBA late May 22, related to the PPP (Paycheck Protection Program) provisional rules. Again, the detail instructions provide little remedy to the additional questions we continue to have. However, countless earlier questions were addressed in detail. As professionals, …

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Tools to Help Small Businesses Understand Employment Taxes

The Internal Revenue Service reminds small businesses of the many free products available to help them understand and comply with the law. Products ranging from online calculators, printable calendars, step-by-step guides and a series of educational webinars are all available on IRS.gov. Federal law requires most employers to withhold federal taxes from their employees’ …

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IRS Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer

IR-2017-107, June 15, 2017 WASHINGTON – The Internal Revenue Service today warned people to beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to demand an immediate tax payment through a prepaid debit card. This scam is being reported …

IRS Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer Read More »

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