Coronavirus Aid, Relief, and Economic Security Act Part 2
Following is part 2 of an outline detailing the major pieces of the bill that may impact small businesses and their owners. The focus of this blog is on the tax implications of the Act.
March 2020
New Law Requires Small Business to Provide Paid Leave
A new law helps businesses provide paid leave for workers dealing with COVID-19. Learn more about what you need to know on our latest “Tax Tip of the Week”!
Coronavirus Aid, Relief, and Economic Security Act Part 1
On Friday, March 27 , The President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This is a $2 trillion stimulus bill intended to protect small business and individuals who are a risk of losing income due to the COVID-19 pandemic.
Michigan Filing Date Extended to July 15
Michigan Governor Gretchen Whitmer signed an executive order extending the state filing and payment deadline from April 15, 2020 to July 15, 2020. The state officially conformed with the change in Federal due dates as announced by the Department of Treasury over a week ago.
Stephanie Noeldner – Staff Spotlight
When you think of a CPA firm, you commonly think of the accountants and tax preparers hard at work this tax season; working long hours at their desk to make sure each return is filed in a timely fashion. However, behind the scenes of each CPA firm is another group of workers; the ones with less recognition, but just as much responsibility. On this month’s “Staff Spotlight”, we are proud to introduce Stephanie Noeldner, Administrative Assistant!
Employer & Employee Relief Programs
Governor Whitmer, in an effort to protect all Michiganders, today signed Executive Order 2020-21 that directs residents to remain at home or in their place of residence to the maximum extent feasible. A summary of her, “Stay Home, Stay Safe,” Executive Order is available online.
Michigan Department of Labor and Economic Opportunity
The Unemployment Insurance Agency (UIA) will be hosting several hour-long informational webinars for Michigan employers regarding unemployment insurance and the recent Executive Orders 2020-09 and 2020-10 signed by Governor Gretchen Whitmer.
The Tax Gap & How It Applies To You
The “tax gap” is the difference between what taxpayers should have paid and the amount that is actually paid. So what does that mean to you? Learn more on our latest blog, “The Tax Gap & How It Applies To You”!
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Tax Strategies for Individuals
As we push farther into the tax season, everyone is looking for ways to save on their taxes! Look no further than our latest blog: Tax Strategies for Individuals!
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Treasury Delays the April 15th Deadline
The Department of Treasury announced that the April 15 tax deadline will be pushed back for many individuals and corporations, giving them 90 extra days to pay their 2019 Federal tax.