By Christina J. Herzog, CPA In August, the President of the United States released a memorandum implementing a payroll tax deferral that is effective for payroll paid during the period September 1, 2020 through December 31, 2020. There were a lot of questions and confusion about this program when the memo was issued, and recently the IRS issued Notice 2020-65 (the Notice) providing additional guidance. The following questions and answers … [Read more...]
Tax Tips for Managing a Loved One’s Estate
By Susan M. Nash, CPA, MBT Managing a loved one’s estate is a tremendous responsibility. If this has fallen on your shoulders, it can be overwhelming, especially if you’ve never been in this role before. One thing you can do to make your job easier is to pay close attention to tax filing requirements. Yes, that’s right—you could be required to file multiple tax returns on behalf of the decedent’s estate. It’s important to file these … [Read more...]
Could the Employee Retention Credit Benefit Your Business?
By Alan Shaw, EA Over the past couple months, we’ve heard much about the business relief provisions included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). One such provision, however, has largely escaped the limelight: the employee retention credit. … [Read more...]
*Updated 3/23/20* A Message from PWB CPAs & Advisors on COVID-19
3/23/19 IRS Deadlines, State Deadlines and SBA Loan Information Here is a recap of current developments and resources: … [Read more...]
IRS Form W-4 Changes for 2020 – Here’s What You Need To Know
The IRS has announced substantial improvements to the IRS Form W-4, Employee’s Withholding Certificate, for 2020. These changes will have a significant impact on employees and employers, but do not worry, we’re here to help you get through it. … [Read more...]
