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Over 110 million Americans have credit card debt with past due balances. As if Covid19 has not been stressful enough, the weight of this extra debt with either a loss in income or an uncertainty about future income can be overwhelming. While bankruptcy can help with that by potentially wiping it out, here are some … Continued
For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. If you can’t pay the terms of an Installment Payment Agreement, you may suspend payments during this period. The IRS will not default any Installment Agreements during this period. But, interest will continue to accrue on any … Continued
Who can apply: Businesses with fewer than 500 employees, including: non-profits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships and independent contractors. When to apply: Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. Available loan amount: Loans can be for up … Continued
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
Car accidents can happen on the road every day. Drivers are supposed to adhere to the traffic laws that are in place to keep people on the road safe. This can help them drive safely and provide a better environment on the road for those that are traveling on it. Due to the amount of … Continued
Premises liability cases can involve a lack of security measures that contribute to an accident where an individual suffered. A premises has the responsibility of having certain security measures in place to protect those that are entering onto the area. A standard of care must be taken to ensure the safety of those entering onto … Continued