IRS issues guidance on payroll tax deferral order

IRS issues guidance on payroll tax deferral order

Sep 4, 2020 | News to Note

From The CPA Advisory Group —  The IRS late last Friday, Aug. 28, issued guidance on the payroll tax deferral ordered Aug. 8 by President Trump. The notice allows employers to defer withholding on affected employees’ compensation during the last four months of...
PPP Loan Forgiveness Has Started, But You May Want to Wait

PPP Loan Forgiveness Has Started, But You May Want to Wait

Sep 2, 2020 | News to Note

From The Motley Fool —  Eager as you may be to get that loan forgiven, it could pay to wait Though the COVID-19 pandemic has done a number on the economy, small businesses have perhaps been hurt the most. Over 100,000 small businesses have closed permanently in the...
Moving to Work Remotely Could Affect Your Taxes

Moving to Work Remotely Could Affect Your Taxes

Aug 26, 2020 | News to Note

From the The New York Times —  So COVID-19 and social distancing have turned you into a digital nomad. You’re working from home — in a different city than your office. Or maybe you’re even using the pandemic as a chance to work remotely from a vacation...
Can COVID be claimed as personal casualty loss? Maybe

Can COVID be claimed as personal casualty loss? Maybe

Aug 19, 2020 | News to Note

From the Pinnacle CPA Advisory Group /Thomson-Reuters—  If you suffered a personal casualty loss due to a recent event, you might be entitled to a tax deduction. The deduction is generally available for casualty losses incurred in a federally declared disaster, such...
CORONAVIRUS CHECKLIST Aug. 10 Update by Dave Krebs, CPA

CORONAVIRUS CHECKLIST Aug. 10 Update by Dave Krebs, CPA

Aug 10, 2020 | News to Note

From the Pinnacle CPA Advisory Group —  This checklist was prepared for our clients and friends as a quick way to identify eligible programs. Please contact us for the details. Many of the details are not available yet from the government. This is not meant to be an...
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