Millions of Americans have already received their Economic Impact Payments. The IRS continues to calculate and automatically send the payments. However, some may have to provide additional information to the IRS to get their Payments. Please...
Read MoreCheck IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON – The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments...
Read MoreThe Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated 350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection program, the initiative provides 100%...
Read MoreThere will be many resources available to the small business owner and other employers, but which one is right for your company? Information is abundant and we know you have concerns. We are here to help you with any questions you may have. ...
Read MorePresident Trump has signed legislation to infuse the U.S. economy with roughly $2 trillion in financial relief during the coronavirus (COVID-19) pandemic. This is welcome news for people and businesses that have suffered losses in recent weeks...
Read MoreUnemployment and Tax Credits – Navigating the Process The Cleveland Group, CPAs is working diligently to assist our clients through this process and monitoring all of the tax legislation to further assist our clients. Rest assured we are in this...
Read MoreTreasury Secretary Steven Mnuchin tweeted Friday that President Trump has directed him to move Tax Day to July 15, giving taxpayers more time to file their taxes in the midst of the coronavirus pandemic. All taxpayers and businesses will have...
Read MoreUnder normal circumstances, we are super excited to see you! However, effective Friday, March 20th we have decided to follow the CDC guidelines and close our lobby to the public. Only employees will be allowed in the building. For now, our...
Read MoreIn a press conference on Tuesday, Treasury Secretary, Steven Mnuchin, announced that individuals and corporations can delay their tax payments for 90 days due to the coronavirus pandemic. Individuals can defer up to $1 million in payments for 90...
Read MoreThe stock market has experienced plenty of ups and downs this year. So some investors are poised to take big gains for 2019, while others are currently showing losses and many have both. What are the tax consequences if you sell securities?...
Read MoreWith scammers hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property liens. This particular scam threatens taxpayers with a tax bill from a fictional government agency. Here are...
Read MoreThe U.S. Department of Labor (DOL) has issued the long-anticipated final version of its overtime eligibility rules. The changes will take effect on January 1, 2020. As a result, the DOL estimates that 1.3 million workers will be newly eligible...
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