When you woke up on New Year’s Day, did you ever imagine the craziness that is 2020? Did you think that we would have had to quarantine ourselves for the better part of the winter, spring and into the summer due to the scourge of…
Tag: Tax
Paycheck Protection Program Runs Out Of Funding In Less Than 2 Weeks & Other News For Today!
PPP Loans We’ve been talking a lot recently about the various loans provided for in the CARES Act, particularly the Paycheck Protection Program (PPP), which in less than two weeks unfortunately ran out of the $349 billion in funding money this morning. Small businesses are…
How Small Businesses Can Receive Cash…An Overview of the Various Relief Programs!
No, it isn’t an April Fools prank. There are ways small businesses can receive cash in a short period of time. There are a number of loans and other programs available, however, keep in mind that businesses may not apply for different loans to cover…
SBA Loan Applications & Other News!
Everyone has questions about the Coronavirus Aid, Relief and Economic Security (CARES) Act that was passed by Congress and signed by the President last Friday. It is a voluminous bill of over 800 pages and provides $2 trillion designed to provide relief for American workers,…
The CARES Act and Other News
The Coronavirus Aid, Relief and Economic Security (CARES) Act that was passed by Congress and signed by the President is a $2 trillion package designed to provide relief for American workers, businesses, hospitals, government, and certain nonprofits and other employers. A voluminous bill of over…
Newsbreak for March 26, 2020
On Wednesday evening, the Senate passed a $2 trillion stimulus package which is designed to provide relief for American workers, businesses, hospitals and government which are sorely in need during the coronavirus pandemic. It was approved unanimously by a 96-0 vote, and now must be…
IRS Announces People First Initiative
The IRS has unveiled the new People First Initiative to help everyone coping with the challenges of COVID-19. Relief is provided on a variety of issues ranging from easing payment guidelines to postponing compliance actions. Specifics about the implementation will be shared soon. For more…
Garibaldi Group Newsbreak For March 19, 2020
As previously discussed, we are continuing to keep you abreast of a fluid situation that changes by the minute. The IRS will allow Taxpayers to defer payments for their 2019 tax returns until July 15. This is subject to certain caps: Individuals can defer payments…
Highlights of The Spending Package’s Tax Law Changes
The federal government spending package titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. It extends certain income tax provisions that had already expired or that were due to expire at the end of 2019. The agreement on the spending…
Protect Yourself From Being Scammed!
Every year around tax time, it seems as if scammers are finding new and creative ways of separating consumers from their hard-earned monies. We get a few steps ahead, and they come up with something new. Ultimately though, the most important thing to do is…