1-800Accountant Blog

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CARES Act: How to Apply for the Paycheck Protection Program

Passed nearly two weeks ago, the CARES Act will provide many employees, individuals, and small business owners economic relief. Most of the money in the $2.2 trillion bill is projected to fund hospitals’ nationwide efforts to mitigate COVID-19 pandemic. However, $350 billion of the CARES Act was allocated specifically for small business owners. This will […]

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CARES Act: What is the Economic Injury Disaster Loan?

The novel coronavirus pandemic has changed everything. Conditions are changing from day to day, and business owners don’t know if they’ll have customers or if they’ll even be allowed to operate from one week to the next.  In this time of uncertainty, many businesses are at risk of having to fold or let employees go. […]

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Is Your State Income Tax Filing Deadline July 15th?

As the crisis around the novel coronavirus upturns everyday life across the United States, the federal government has responded. In addition to the ongoing stream of economic relief packages like the CARES Act, IRS is delaying the regular April 15th income tax deadline for another three months.  The filing and payment deadline has been extended […]

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CARES Act: What’s in the New Coronavirus Legislation?

After days of tense Congressional debate, several alternative versions, and a contested vote over a previous package, Congress has agreed on and passed an enormous new emergency economic relief bill. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27. The bill includes over two trillion dollars in […]

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How Biden Saved $500k in Taxes

With the Tax Cuts and Jobs Act of 2017, President Trump revamped the tax code in major ways, creating attractive tax cuts for virtually all businesses and for many American taxpayers. But if recent history is any indication, Joe Biden might know a thing or two of his own about how to save on taxes. […]