Covid-19 Update April 30, 2020

https://www.bocaaccounting.com/

By N. Richard Grassano, Boca Accounting, LLC Recent updates in relief packages and stimulus payments  Let us begin with the$ 1200/500 stimulus payments. Many of you may have received your US Treasury Check and many of you probably have not. The promised website to give you a status report on your […]

New – a not (yet) will known Covid-19 Tax Credit – From the IRS – $10k Tax Credit

IRS CORONAVIRUS

IR-2020-62, March 31, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially […]