Covid-Related Late Filing Tax Penalties Many people have experienced covid-related tax problems that could lead to Covid-Related late filing tax penalties. COVID-19 has directly or indirectly caused many people to file tax returns and/or pay their taxes late resulting in tax penalties. One issue the California Office of Tax Appeals recently ruled on was how
COVID-19
COVID-19 Employee Retention Credit
COVID-19 Employee Retention Credit COVID-19 continues to have detrimental effects across the globe in many ways uncovering the need for a COVID-19 Employee Retention Credit. In the United States, many states have enacted stay-at-home orders. These measures to prevent its spread. Although necessary, these measures have devastated entire industries. This leads employers to wonder if
The CARES Act – Coronavirus Aid, Relief, and Economic Security
On March 27th, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was put into effect, which will provide taxpayers and businesses significant tax and non-tax relief during these unprecedented times. Individuals and businesses should remain informed about the tax and non-tax implications of the legislation and The CARES Act. WHAT INDIVIDUALS CAN EXPECTIf