Author Archives: roadmaptax

The rapid spread of the COVID-19 virus has begun to initiate an economic downturn and spurred a series of rapid responses on the part of the government. There have been so many proposals and versions floated regarding employee policies during the public health emergency that employers are understandably confused. Though there was an initial beliefContinue reading “Families First Coronavirus Response Act: What Employers Need to Know”

The IRS has postponed the due date for filing Federal income tax returns and tax payments due on April 15, 2020 until July 15, 2020. Below are the specifics of those postponements. Filing Due Date Postponement: The due date for filing 2019 federal income tax returns due April 15, 2020 is postponed to July 15,Continue reading “What the April 15 Tax Filing Deadline Extension Means to You”

After already extending the due date for tax payments earlier this week to account for the COVID-19 emergency, Treasury Secretary Steven Mnuchin announced in a Tweet on Friday that the deadline for filing tax returns is also being delayed from April 15 to July 15.“At @realDonaldTrump’s direction, we are moving Tax Day from April 15Continue reading “Tax Filing Deadline Delayed to July 15”

The U.S. Small Business Administration (SBA) has never faced a challenge like the COVID-19 outbreak, but they’re stepping up to help small business owners who are suffering financially during these uncertain times. The SBA’s mission is “to maintain and strengthen the nation’s economy by enabling the establishment and viability of small businesses and by assistingContinue reading “The SBA Is Providing Small Business Disaster Loans for Relief During the Coronavirus Outbreak”

The “Coronavirus Aid, Relief, and Economic Security Act” (Cares Act) includes many tax and financial breaks for both individuals and businesses. We broke down many of the essential elements and how they can assist you and your business during this troubling time. Recovery Rebate – The most talked about provision is the “recovery rebates” for individuals.Continue reading “What Does the $2 Trillion Stimulus Package Mean for You?”

The COVID-19 epidemic has created situations where employees are not able to work because they tested positive for the virus or have been quarantined after coming in contact with someone who has tested positive. It has also caused parents to miss work because their children’s school has closed due to the outbreak and there isContinue reading “Congress Provides Sick Leave and Child Care Leave Benefits for Employees”