New Executive Order provides Payroll Tax Deferral for Certain Workers – What does this mean for you? – *UPDATED* for IRS Notice 2020-65
New Executive Order provides Payroll Tax Deferral for Certain Workers – What does this mean for you? – *UPDATED* for IRS Notice 2020-65 In response to stalled negotiations between the House and Senate on the next round of legislative coronavirus relief, President Trump issued four Executive Orders seeking to reignite negotiations and provide some immediate […]
Update: What is the Status of the IRS?
IRS Re-opens but Expect Delays – Many of IRS operations are just now coming back online since mid-March closures. It is no surprise that this shutdown has resulted in significant delays in processing of items (i.e. payments, amended returns) that were sent in the mail right before and during office closures. While electronic filings continued to […]
What Is Sales and Use Tax?
If you’re planning on opening a business in Florida, there are many things you’ll need to plan for. For example, will your business be a sole proprietorship, a limited liability corporation (LLC) or a partnership corporation? Will you have salaried employees or a 1099 freelance staff? Will you need to rent office space, or will […]
New Executive Order provides Payroll Tax Deferral for Certain Workers – What does this mean for you?
In response to stalled negotiations between the House and Senate on the next round of legislative coronavirus relief, President Trump issued four Executive Orders seeking to reignite negotiations and provide some immediate relief. Trump’s action included orders to address enhanced unemployment payments, eviction moratoriums, student loan relief, as well as providing a payroll tax holiday […]
Payroll Reporting in 2020
Our businesses have all experienced some form of change during this extraordinary year of 2020 to date. There have been several COVID-19 related relief options for employers to take advantage of in order to help to minimize the negative economic effects of this pandemic in the way it effects their business and their employees. Many […]
Hughes, Snell & Co. CPA Erica Harp on PPP Compliance Discussion Panel
Fort Myers, FL — Hughes, Snell & Co., P.A., CPA Erica Harp recently participated in a Southwest Florida Community Foundation panel discussion on compliance and other important rules associated with the Paycheck Protection Program (PPP). Henderson, Franklin, Starnes & Holt, P.A. attorneys Sara Qureshi and Michael Lehnert and Edison National Bank Vice President, Senior Loan […]
Families First Coronavirus Response Act FFCRA
Please be aware that the US Department of Labor has published a new employment poster regarding the Families First Coronavirus Response Act (FFRCA). The provisions are in effect starting tomorrow, April 1, 2020 until December 31, 2020. During this time, eligible employers are required to display this poster on-premises and distribute it to employees not currently working […]
HSC COVID-19 Update
Dear clients and friends, In an announcement yesterday the Treasury Department and the Internal Revenue Service have expanded initiatives to include providing special payment and filing relief to taxpayers in response to the COVID-19 Outbreak. The April 15, 2020 tax deadline for filings has been extended until July 15, 2020. In addition, balances due with […]