Image Credit: www.sba.gov/coronavirus We know that the current Coronavirus (COVID-19) pandemic has not only had a major impact on our personal lives but also on the economy and especially on small businesses. There is news daily of possible legislation to help those impacted by COVID-19. Some of this legislation is aimed at alleviating the economic … Read more
JUST RELEASED: THE U.S. EXTENDS INDIVIDUAL AND BUSINESS TAX FILING DEADLINE TO JULY 15TH On Monday, March 17, 2020, Treasury announced a 90-day extension of time to pay taxes owed by individuals and corporations. On Wednesday, the IRS has provided some guidance as to what was included in the extension. WHAT IS COVERED IN … Read more
President Trump signed a new law on March 18, 2020 called the Families First Coronavirus Response Act. (FFCRA). The new law will provide for emergency paid sick leave for employees and tax credits for employers. The FFCRA can be divided into two laws. The first being the Emergency Family and Medical Leave Expansion Act (EFMLEA), … Read more
COVID-19 UPDATE FROM ADKF Akin, Doherty, Klein & Feuge, PC takes prides in providing excellent customer service to all our clients. With the increased concern surrounding the COVID-19 (aka Coronavirus,) the government has heightened security measures to prevent the spread of the virus. We understand this pandemic is affecting everyone we know and care for … Read more