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29
APR
2020
BUSINESS BRIEF FOR APRIL 29

Adjust your expectations of business interruption coverage

Business interruption insurance may seem like an ideal risk management measure to deploy during the COVID-19 crisis. But many business owners are likely facing an uphill battle when seeking payouts.
28
APR
2020
INDIVIDUAL TAX BRIEF FOR APRIL 28

IRA account value down? It might be a good time for a Roth conversion

Consider turning a stock market downturn into a tax-saving opportunity by converting a traditional IRA into a Roth IRA.
27
APR
2020
SMALL BUSINESS TAX BRIEF FOR APRIL 27

Hiring independent contractors? Make sure they’re properly classified

During these tough times, your business may be saving money by using independent contractors, rather than hiring employees. Make sure to follow all the rules or you could hear from the IRS.
22
APR
2020
BUSINESS BRIEF FOR APRIL 22

IRS extends some (but not all) employee benefit plan deadlines

You’ve probably heard that the IRS has extended many tax filing and payment deadlines. But, as a business owner, do you know how these extensions affect your employee benefit plans?
21
APR
2020
INDIVIDUAL TAX BRIEF FOR APRIL 21

Answers to questions you may have about Economic Impact Payments

As the Economic Impact Payments (EIPs) continue to go out, the IRS has released information about why you might not have gotten a payment. There’s also a new tool to check the status of your EIP.
20
APR
2020
SMALL BUSINESS TAX BRIEF FOR APRIL 20

New COVID-19 law makes favorable changes to “qualified improvement property”

A drafting error by Congress meant that some improvements to interior parts of nonresidential buildings had to be deducted over 39 years. But a new law that provides COVID-19 relief fixes the error and may result in revenue for eligible businesses.
15
APR
2020
BUSINESS BRIEF FOR APRIL 15

What are the key distinctions between layoffs and furloughs?

COVID-19 has forced many business owners to re-evaluate the size of their workforces. The choice between layoffs and furloughs brings up a variety of compliance issues.
14
APR
2020
INDIVIDUAL TAX BRIEF FOR APRIL 14

COVID-19: IRS announces more relief and details

Expecting an Economic Impact Payment from the IRS? The tax agency has made a few new announcements about the financial relief the government is providing.
13
APR
2020
SMALL BUSINESS TAX BRIEF FOR APRIL 13

Relief from not making employment tax deposits due to COVID-19 tax credits

The coronavirus (COVID-19) crisis has resulted in unprecedented challenges for employers. Here are the details of some relief from the federal government.
07
APR
2020
INDIVIDUAL TAX BRIEF FOR APRIL 7

CARES ACT changes retirement plan and charitable contribution rules

During the COVID-19 crisis, many people and charitable organizations need cash. The new CARES Act may provide some solutions.