Latest COVID-19 Round of Stimulus Checks

The Consolidated Appropriations Act (CAA), signed into law on Dec. 27, provides relief in response to the COVID-19 pandemic with another round of “recovery rebate” payments to individuals.   The new round of stimulus checks will be in varying amounts based upon IRS criteria. Eligible individuals may begin to receive these stimulus payments as early […]

Guidance on the second round of PPP loans

On December 27, 2020 President Trump signed a new relief bill of which included the Consolidated Appropriations Act (CAA) . A favorable item for small business owners listed in the CAA is the opportunity to take out a second loan under the Paycheck Protection Program (PPP). The basics The CAA permits certain smaller businesses who […]

Covid-19 relief updates in favor of individual taxpayers

The new COVID-19 relief law that was signed on December 27, 2020, contains numerous updates that could affect individual taxpayers. Here are some of the highlights of the Consolidated Appropriations Act, which also contains two other laws: the COVID-related Tax Relief Act (COVIDTRA) and the Taxpayer Certainty and Disaster Tax Relief Act (TCDTR). Direct payments […]

Security for employees’ retirement based on new law.

To start the new year, Congress has made considerable changes to individual retirement savings, whether it be with an IRA or other plan. With the passing of the SECURE ACT, these four changes have been made to individual retirement plans. As we head into a new year, the federal government has made beneficial legislative changes […]