by Steven J Weil, PhD, EA, LCAM | Mar 31, 2020 | Blog
Economic impact payments of $1,200 for single taxpayer and $2,400 for married couples filing a joint return are scheduled to be distributed by the Treasury / IRS beginning some time in the next three weeks. To receive automatic payment, you need to have filed a 2019...
by Steven J Weil, PhD, EA, LCAM | Mar 31, 2020 | Blog
Paycheck Protection Program Designed to provide a direct incentive for small businesses to keep their workers on payroll, by providing each small business a loan up to $10 million for payroll and certain other expenses. If all employees are kept on payroll for eight...
by Steven J Weil, PhD, EA, LCAM | Mar 28, 2020 | Blog
The due date for property tax payments in Florida has been extended for 2020 from March 31, 2020, until April 15, 2020. Order of Emergency Waiver/Deviation (Order) # 20-52-DOR-001 (Property Tax Oversight)
by Steven J Weil, PhD, EA, LCAM | Mar 28, 2020 | First Time Home Buyer IRA
Employer FICA tax relief. Qualified sick leave and family leave payments mandated by the new law are exempt from the 6.2% Social Security tax component of the employer FICA tax on wages. Employers must pay the 1.45% Medicare tax component of the FICA tax on qualified...
by Steven J Weil, PhD, EA, LCAM | Mar 28, 2020 | Business Tax
The new law grants tax credits to small employers to cover payments to eligible employees while they take time off under the mandatory emergency COVID-19 paid sick leave and paid family leave provisions. These provisions apply to employers with less than 500...
