New House Bill passes to give small businesses more time to use their PPP funds. See Link for more information: https://www.cnbc.com/2020/05/29/house-bill-eases-rules-around-how-small-businesses-can-use-ppp-funding.html
Stimulus Payment Might Be Different Than You’re Expecting….. See the latest on the IRS website. Click here for More Information
Here’s a great article about why you should hire a professional to do your taxes: https://www.nytimes.com/2020/03/05/business/tax-accountant.html
The tax-filing deadline is still April 15, but the IRS will waive penalties and interest on tax payments for 90 days. See the articles here: https://www.investors.com/etfs-and-funds/personal-finance/coronavirus-tax-deadline-payments-now-due-july-15/ https://www.businessinsider.com/personal-finance/irs-to-extend-tax-filing-deadline-why-file-taxes-now-2020-3
If your one of the lucky ones that gets a year-end bonus, you want to make sure you understand the tax consequences. By deferring this income into 2020, it could help you limit the tax hit for 2019. Check out this article to get more information: https://www.cnbc.com/2019/11/20/how-to-keep-a-tax-bomb-from-blowing-up-your-holiday-bonus.html