RESOURCES
Retirement Fund Planning Opportunities: Below is a list of the provisions in the CARES Act which impact retirement accounts: The due date for 2019 Traditional and Roth IRA contributions is automatically extended to July 15, 2020 to coincide with theREAD MORE
California Sales Tax Relief On Thursday, April 2, 2020, Governor Gavin Newsom announced that California businesses with taxable annual sales of less than $5 million can take advantage of a payment plan where up to $50,000 of sales and useREAD MORE
Business Losses (Net Operating Losses “NOLs”) The CARES Act allows for the carryback of NOLs arising in taxable years ending in 2018, 2019 and 2020 to the five years preceding the loss year. Prior to this Act, NOLs were onlyREAD MORE
Recovery Rebates All U.S. residents who have a work eligible Social Security number and cannot be claimed as a dependent by another taxpayer are eligible for a recovery rebate as follows: Amount of Rebate Starts Phasing Out Fully Phased OutREAD MORE
General Information April 5, 2020 On Friday March 27, 2020, President Donald Trump signed the largest economic relief package in U.S. history. The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, responds to the coronavirus pandemic, by providingREAD MORE