Cryptocurrency and Capital Gains Tax Bitcoin quietly made its appearance on the world stage in 2014. Initially, cryptocurrencies were merely obscure novelties. They were discussed by niche circles in tech and academia, if at all. It was only with the arrival of significant gains in 2017 that Bitcoin, and the cryptocurrency space as a whole,
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What is a Guardianship?
What is a Guardianship? Guardianship and Advance Health Care Directives What is a guardianship? Many people used to think that estate planning was only for extremely wealthy individuals. This is a common misconception, but in recent years, more and more people are realizing that a comprehensive estate plan can provide many benefits. Regardless of wealth
How to use the IRS Website to Get your Stimulus Check
How to use the IRS Website to Get your Stimulus Check Beware of entering the IRS website to get your stimulus check. It is something you may have heard of in a haunted house at a Halloween Carnival. However, when it comes to COVID 19 Stimulus payments you should we wary before using the IRS
I Want My Money
In March 2020, Congress Passed the Coronavirus Aid, Relief, and Economic Security Act, CARES Act. The stimulus payments for the CARES Act is a $2.2 trillion legislative behemoth that seeks to stimulate the economy and provide relief to individuals and businesses affected by the COVID 19 epidemic. One provision of the CARES act are the
Paycheck Protection Program – PPP Loan – How to Use Them
The late and great Kenny Rogers once famously sang, “You gotta know when to hold them, know when to fold them.” Well when it comes to Paycheck Protection Program PPP Loan, business owners need to know when to spend it and when to end it. In March 2020, Congress passed the Coranavirus Aid, Relief, and
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
Does the CARES Act Create a New Standard of Who is an Employee?
Does the CARES Act Create a New Standard of Who is an Employee? Congress recently based CARES (Coronavirus Aid, Relief, and Economic Security Act) in an effort to ameliorate the effects COVID-19 has had on the economy. Millions of workers have found themselves “out of a job” in recent weeks because of the Coronavirus. Many
IS HOARDING CONSIDERED ESTATE PLANNING IN LIGHT OF COVID-19
Do you have a square to spare? Consult your estate planning attorney and ask whether hoarding is considered estate planning in light of COVID-19 pandemic. If you have made a trip to Costco or to your local grocery store to buy toilet paper you may have a surprise. For instance, you know that there is
ESTATE PLANNING FOR COVID-19
Are your affairs in order?Estate Planning for COVID-19. Most people do not want to talk about the possibility of being physically or mentally incapacitated, about death, or what happens to your loved ones after you pass away. It is a sensitive subject, but without a comprehensive estate plan, family members can be caught off-guard when