Jan 20, 2021 | News to Note
From KM&M CPAs/Thomson-Reuters — Dear Clients and Friends, The Consolidated Appropriations Act, 2021 (the CCA, 2021), signed into law on December 27, 2020, is a further legislative response to the coronavirus (COVID-19) pandemic. The CCA, 2021 include–along...
Jan 13, 2021 | News to Note
From KM&M CPAs/National Society of Accountants — WASHINGTON – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced PPP Round 2 on Friday, Jan. 8. The Paycheck Protection Program (PPP) re-opened this week for new...
Jan 6, 2021 | News to Note
From KM&M CPAs/Thomson-Reuters — Dear Clients and Friends, Here is an overview of key provisions in the extended COVID relief legislation enacted in late December that affect individuals. The legislation is the COVID-related Tax Relief Act of 2020 (the...
Jan 4, 2021 | News to Note
From the Pinnacle CPA Advisory Group — CORONAVIRUS ASSISTANCE CHECKLIST by Dave Krebs, CPA (Jan. 4, 2021) This checklist was prepared for our clients and friends as a quick way to identify eligible, qualified programs. Please contact us for the details. Many of the...
Dec 31, 2020 | News to Note
From KM&M CPAs/Thomson-Reuters — Dear Clients and Friends, You’ve probably heard that IRS will be making millions of ”economic impact payments” (also called ”recovery rebates”) in the near future to help people stay afloat during this time of economic uncertainty...
Dec 30, 2020 | News to Note
From the IRS Newswire — WASHINGTON — The Internal Revenue Service recently issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1,...
