Offices in Freehold & Morganville NJ | 
732-333-0681 | Schedule an Appt
With everyone desperate for relief these days, according to the Federal Trade Commission, scamming has increased. Do not fall victim to the following Coronavirus scams; The Federal Government or the Internal Revenue Service is not going to call you or text you or email you for personal information for your tax rebate of $1200 or … Continued
The CARES Act temporarily supplements Unemployment benefit amounts and extends the duration of those benefits. From the date the bill is signed through July 31, 2020, all regular Unemployment and Pandemic Unemployment Assistance claimants will receive their usual calculated benefit plus an additional $600 per week in compensation. This is not considered income for taxation … Continued
here is a letter sent to my clients explaining the differences between the small business act loans and PPP Hope this helps in explaining some things.
Part of the CARES Act is a delay in a portion of payroll taxes. Employers can defer payment of the employer share (non-trust fund portion) of Social Security only on all wages through Dec. 31, 2020. Half will need to be made up in 2021, the other half in 2022. If a business uses a … Continued
The CARES Act will give eligible individuals of up to $1,200 for single filers and up to $2,400 for joint filers. You will also get a $500 credit rebate per qualifying child. Rebates are subject to phase-out thresholds beginning at $75,000 of adjusted gross income for individuals and at $150,000 for joint filers. Rebates are … Continued