by Steven J Weil, PhD, EA, LCAM | Aug 7, 2020 | Covid-19, Personal Tax
Having trouble making payments on a loan from a qualified employer pension or retirement plan? The CARES Act may just have provided you with the perfect solution, allowing you to avoid losing the tax deferral and being subject to the early withdrawal penalty. The...
by Steven J Weil, PhD, EA, LCAM | Jul 15, 2020 | Blog, Budgets, Covid-19
Employees Working at Home? Time to Rethink Your Space. In a pre-Covid-19 world, working from home was considered a luxury. It is now considered a necessity to keep so many hardworking businesses open and workers employed. If enough of your employees will and are...
by Steven J Weil, PhD, EA, LCAM | Jun 26, 2020 | Blog, Covid-19
The Families First Coronavirus Response Act established the Emergency Paid Sick Leave Act (EPSLA) and the Emergency Family and Medical Leave Expansion Act (EFMLEA). Effective April 1, 2020, through Dec. 31, 2020, the EPSLA requires certain employers to provide paid...
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...
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...
by Steven J Weil, PhD, EA, LCAM | May 6, 2020 | Blog, Business Tax, Covid-19, Personal Tax
One of the questions we are getting the most right now is regarding what those who have been forced by their business or company to work at home can deduct. The truth is if you are an employee working from home as the tax law currently stands, deductions for employee...
