April 2020
New COVID-19 Law Makes Favorable Changes To “Qualified Improvement Property”
The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This is referred to as qualified improvement property [...]
The History of April 15th and Tax Day
April 15 isn't most Americans' favorite day, and that's because most years, it's the official, federal tax deadline (for the first time in 65 years, tax day now falls on a different day, July 15, [...]
What Are The Key Distinctions Between Layoffs And Furloughs?
As businesses across the country grapple with the economic fallout from the novel coronavirus (COVID-19) pandemic, many must decide whether to downsize their workforces to lower payroll costs and stabilize cash flow. If your company [...]
California Tax Updates for April 15th
Post 1: Special tax relief is available for certain filing and payment deadlines, said the California Franchise Tax Board (FTB), in response to the coronavirus (COVID-19). The FTB has posted on its website a spreadsheet [...]
COVID-19: IRS Announces More Relief And Details
In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing many people, the government has provided a range of relief. Here are [...]
Relief From Not Making Employment Tax Deposits Due To COVID-19 Tax Credits
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided under two laws passed in response to the coronavirus (COVID-19) [...]