Blog

28
Dec

Overview of Pandemic Relief Bill for Individuals

Below is a summary of the stimulus relief for individuals that is part of the Consolidated Appropriations Act, 2021 (H.R. 133) which was signed into law on 12/27/2020. Second round of stimulus checks/direct deposits Stimulus payments should start being processed in the coming week(s). Stimulus payments are $600 for each individual ($1200 per couple) and $600 for children age 17 and under. The amount of the stimulus payment will start…  Read more

28
Dec

Overview of Pandemic Relief Bill for Businesses

Below is a summary of the stimulus relief for businesses that is part of the Consolidated Appropriations Act, 2021 (H.R. 133) which was signed into law on 12/27/2020. Paycheck Protection Program second draw Congress has created a PPP second draw available to smaller businesses that can show their business has been impacted by the pandemic. The second draw offers a similar package to the PPP offered out of the  CARES…  Read more

23
Dec

2020 Year-End Tax Planning Guide

As 2020 ends, it’s time to think about year-end tax planning. Proper planning allows for significant savings that can positively impact your financial situation. Due to changes in tax guidelines, tax reform provisions, and tax relief granted through the CARES and SECURE Acts, business owners and individuals should review circumstances and look for opportunities to reduce, defer, or accelerate tax obligations. The 2020 Year-End Tax Planning Guide outlines significant tax…  Read more