The IRS has posted information and a link for non-filers to update your banking information in order for you to receive you stimulus check. Eligible individuals include US citizens or permanent residents who had gross income that did not exceed $12,200 or $24,400 for a married couple for 2019 or were not otherwise required to […]
Shelby Keefer COVID-19, Individual, Taxes
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides relief for individuals and small businesses. Below is a recap of some of the key provisions helping individuals. Direct cash payments Provides a one-time cash payment as follows: Individuals will get $1,200 (joint filers get $2,400) plus $500 per child. Benefits start to phase out […]
Shelby Keefer Business, COVID-19, Taxes
Due to the rapidly changing information related to the CARES Act we have updated the information below and included more links directly to the U.S. Treasury and SBA websites. Please continue to check these resources as they are changing not by the day but by the hour. We are continually updating ourselves and encourage you […]
Shelby Keefer Business, COVID-19, Taxes
Due to the rapidly changing information related to the CARES Act we have updated the information below and included more links directly to the U.S. Treasury and SBA websites. Please continue to check these resources as they are changing not by the day but by the hour. We are continually updating ourselves and encourage you […]
Shelby Keefer Business, COVID-19
Additional information in the ever changing loan landscape. It now appears, despite what we were told last Wednesday, April 1, 2020, you can apply for both loans. Click here to access the SBA frequently asked questions and click here for a more reader friendly version. Las updated 4/7/2020 9:00 a.m. ~~ Due to the rapidly […]
Shelby Keefer Business, COVID-19
Due to the rapidly changing information related to the CARES Act we have updated the information below and included more links directly to the U.S. Treasury and SBA websites. Please continue to check these resources as they are changing not by the day but by the hour. We are continually updating ourselves and encourage you […]
Shelby Keefer Business, COVID-19, Taxes
Due to the rapidly changing information related to the CARES Act we have updated the information below and included more links directly to the U.S. Treasury and SBA websites. Please continue to check these resources as they are changing not by the day but by the hour. We are continually updating ourselves and encourage you […]
Shelby Keefer Business, COVID-19, Taxes
Due to the rapidly changing information related to the CARES Act we have updated the information below and included more links directly to the U.S. Treasury and SBA websites. Please continue to check these resources as they are changing not by the day but by the hour. We are continually updating ourselves and encourage you […]
Shelby Keefer Business, COVID-19, Taxes
Overview The Families First Coronavirus Response Act (Families First) requires employers to provide temporary paid sick, family, and medical leave for employees who are directly affected by the COVID-19 outbreak. This leave will ensure that workers are able to stay home from work when sick and are able to take care of their loved ones. […]
Shelby Keefer Business, COVID-19, Taxes
Overview The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides the following tax relief for businesses and non-profits. Expanded Net Operating Losses The CARES Act expands the use of net operating losses (NOLs) by modifying restrictions put in place by the Tax Cuts and Jobs Act of 2017 (TCJA) (P.L. 115-97). The TCJA limited net operating […]
