Call Us Toll Free (800) 382-1040 or Local (954) 563-1269 | Coronavirus (COVID-19) Information
  • Follow
  • Follow
  • Follow
  • Home
  • Contact Us
  • About
    • About the Firm
    • We are Enrolled Agents “EAs”
    • Privacy Policy
    • What Our Clients Say About Us
    • In the Media
  • Services
  • Specialties
    • Actors, Actresses, Entertainers & Models
    • Attorneys & Legal Practices
    • “Crypto” Currency Taxation
      • Common Bitcoin and Other Crypto-Currency Tax Questions and Answers
      • Crypto & Virtual Currency Frequently Asked Questions & Answers (Bitcoin)
    • Franchisees
    • Medical Practices & Doctors
    • Real Estate Investors & Professionals
    • Non-Resident Alien
    • Trust Accounting
    • U.S. Expatriates
    • Qualified Opportunity Zones Funds
  • Information
  • Resources
    • Just Released
    • Client Intranet
    • Business Tax Tips
    • Payroll and Tax Forms
    • RMS Documents
    • State Taxes
    • RMS Technology
    • Free Tools
    • Full Service
    • Affiliates
    • New Inquiry
    • Helpful Links
    • Blog

Guidance On Payroll Tax Deferral Creates As Many Questions As It Answers

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...

IRS Commissioner Charles P. Rettig, Says Enforcement is a Priority

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...

Federal Payroll & Tax Withholding Effects Covid-19 and the CARES Act

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...

Executive Orders 08/08/2020

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...

COVID-19 Paid Leave Tax Credits for Small and Midsize Businesses

by Steven J Weil, PhD, EA, LCAM | May 13, 2020 | Business Tax, Covid-19, Payroll Preparation

Small and midsize businesses can swiftly recover the costs of providing Coronavirus-related paid leave for employees. This is done by using one or two new refundable payroll tax credits. The Paid Sick Leave credit and the Paid Family Leave credit are designed to...

Tax-excluded Education Payments by an Employer Temporarily Include Student Loan Repayments

by Steven J Weil, PhD, EA, LCAM | May 6, 2020 | Blog, Business Tax, Covid-19, Personal Tax

The CARES Act extends the traditional ability of employers to exclude payments on behalf of an employee for educational expenses of up to $5,250 per year to include the repayment of employee student loans. In both cases, payments are deductible to the employer while...
« Older Entries
Next Entries »

Archives

  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • August 2018
  • December 2017
  • March 2017
  • February 2017
  • December 2016
  • October 2016
  • September 2016
  • August 2016
  • February 2016
  • December 2015
  • September 2015
  • March 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • June 2014
  • February 2014
  • January 2014
  • September 2013
  • August 2013
  • June 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012

Stay In Touch

Receive our weekly news letter with the latest tax and business information. Let us keep you posted on the latest tax planning and business management ideas.
Signup Now

Blog

PPP Changes Announced 2/22/2021

Feb 26, 2021 | Blog, Business Tax, Covid-19

PPP Changes Announced by New Administration Intended to Create Greater Access for Small Business In a Fact Sheet released by the White House 2/22/2021 the administration discloses that funding to small business has increased and that the administration will institute...

Important Crypto & Virtual Currency Update

Feb 23, 2021 | Blog, Business Tax, Investments, Personal Tax

𝐓𝐡𝐞 𝐈𝐑𝐒 𝐡𝐚𝐬 𝐦𝐨𝐯𝐞𝐝 𝐭𝐡𝐞 𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧 from Schedule 1 of the 2019 Form 1040 to the first page of the 2020 Form 1040 and Form 1040-SR. The question asks, "At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial...

Economic Recovery Rebate Credit

Feb 2, 2021 | Blog, Covid-19, Personal Tax

The Economic Recovery Rebate Credit has caused many people to question their filing status. The amount of the credit as well as qualifying for the credit (payment) depends a lot on filing status and income. Dependents attending college have heard that they can get the...

PPP and PPP2 Updates & Highlights

Jan 14, 2021 | Blog, Covid-19

PPP updates include: PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs; PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs,...

Contact Us

  • ADA Compliance: Need assistance with navigating this page or obtaining information for any reason, call us at 1-800-382-1040 and one of our staff would be happy to assist you get the information you need..
Copyright © 2020 Royale Management Services, Inc.