Tax Newsletter: September 2020
Tax Law Updates & News Once again news is abundant, so we had to pick and choose what we felt was most important to you and your practice. We’ll take a look at the New 1040. We will include last minute news in our fall seminars and more later in the year time-sensitive issues closer […]
Tax Newsletter: August 2020
As we approach the fall of 2020, the Senate is still considering its options with the HEROES Act. At last glance Congress was putting something together, but I am not sure anyone has a handle on the specifics. More stimulus, more unemployment compensation and more coronavirus legislation are under consideration. The Fall textbook in in […]
July 2020 Tax Newsletter: COVID Updates
We could still see changes as the Senate considers its options with the HEROES Act. As previously stated, the Act will not clear the Senate in its current form, but the Senate could pick and choose certain provisions and push forward with different agenda items. As we put the final touches on the Fall Seminar […]
Paycheck Protection Program Flexibility Act Newsletter
Due to the additional guidance provided regarding the PPP Loans and the Paycheck Protection Program Flexibility Act, we have created an additional newsletter for June. For those of you who attended the PPP Loan Forgiveness webinar, we have summarized the questions we received. In This Issue New Employer Tax Credits: Publication 5419 PPP Questions and Answers Economic Impact […]
Tax Newsletter New COVID-19 Legislation Overview
Enjoy your Special Edition of the June 2020 newsletter covering the 4th piece of COVID-19 legislation. Keep in mind this has not been enacted into law. The second June Newsletter concerning answers to your PPP Loan Application and Process questions and other webinars will be published later this week. As Congress debates yet another Coronavirus […]
Tax Newsletter May 2020: COVID-19 Updates
As the world comes to grips with the COVID-19 crisis, we as tax professionals are trying to learn the new law and determine how we can assist our clients if they qualify for any of the new credits, or the provisions of carryback of NOLs, etc. Over the next 4 weeks Basics and Beyond will […]
Tax Newsletter – COVID-19 Tax Webinar Follow Up – New Updates and Guidance
Answers to your questions from the COVID-19 April 2, 2020 Tax Webinar Our April 2, 2020 tax webinar was a great success. Thank you all for attending and supporting Basics & Beyond and our efforts to keep you informed. This newsletter will address questions, based on what we currently know, as these issues of tax […]
Tax Newsletter – COVID-19 & CARES Act Guidance
April 2020 News: COVID-19 Legislation and Tax Implications This special newsletter provides some COVID-19 tax guidance regarding the new legislation that’s become law. This is what we currently know. We await more law changes and additional guidance on the provision thus far and how they will be implemented. Most of us are trying to get […]
Basics & Beyond Tax Newsletter March 2020
Tax Season Cheer! The March Tax Newsletter is Here! We are all knee deep in the 2020 Tax Season so this month we would like to review some items that may be causing difficulties and a reminder of law that is expiring at the end of 2020 which may impact your clients. Our firm will […]
Basics & Beyond Tax Newsletter February 2020
In This Issue: Several issues to review before we get deep into filing season are in the monthly tax newsletter. Changes in law, the standard mileage rates, transcripts and a review of Timely Mailing rules will serve you well as we soon become immersed with tax returns. We have also highlighted Illinois’s new guidance on […]
