by Steven J Weil, PhD, EA, LCAM | Jan 9, 2021 | Blog, Business Tax, Covid-19
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance WASHINGTON – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new...
by Steven J Weil, PhD, EA, LCAM | Dec 4, 2020 | Blog, Business Tax
Now is the time to start thinking about your 2020 income taxes. This tax planning worksheet is designed to assist you uncover areas that could reduce help reduce your tax bill if you are self-employed. Review each area below marking an X is the box when an area...
by Steven J Weil, PhD, EA, LCAM | Aug 29, 2020 | Blog, Business Tax, Payroll Preparation
08/29/2020 – Last night the IRS Issued Notice 2020-65 dealing with the employee social security tax deferral announced by the president on August 8, 2020, in a Memorandum to the Secretary of State. The Memorandum directed the Secretary of the Treasury to use his...
by Steven J Weil, PhD, EA, LCAM | Aug 27, 2020 | Blog, Business Tax, Personal Tax
The Commissioner of the Internal Revenue Service, Charles Rettig, testified before the Senate Finance Committee. His message was a clear one: He is an enforcement-minded commissioner and “the IRS is committed to pursuing those who . . . intentionally evade their tax...
by Steven J Weil, PhD, EA, LCAM | Aug 18, 2020 | Blog, Business Tax, Covid-19
The CARES Act has the following provisions effecting the federal taxes on payroll and payroll tax withholding. These provisions deal with employer payments for student loan repayments, as well as changes in terms of permitted benefits under health savings accounts...
by Steven J Weil, PhD, EA, LCAM | Aug 10, 2020 | Business Tax, Covid-19, Personal Tax
President Uses Executive Orders Too Authorize Extending Unemployment Benefits and More President Trump signed four executive orders Saturday. These orders provide additional jobless benefits, suspend the collection of payroll taxes, avoid evictions and assist with...
