By Daniel Packard, MAcc, CPA, CVA, CFE The US Treasury Department and the IRS recently announced that the federal income tax filing due date for individuals will be automatically postponed from April 15, 2021 to May 17, 2021.  Please note that the postponement applies only to individual federal income tax returns and related tax payments… Read More

By Daniel Packard, CPA, CFE, CVA Today, Congress passed the American Rescue Plan Act of 2021.  The bill is now headed to President Biden’s desk for signature.  The bill largely aligns with the framework put forth by President Biden, as it includes extensions of enhanced unemployment relief, increased funding for COVID-19 testing and vaccination programs,… Read More

Consolidated Appropriations Act On December 21, 2020, Congressional leaders released the text of the Consolidated Appropriations Act.  The omnibus legislation encompasses a number of smaller acts, funding the government for the 2021 fiscal year, as well as providing relief for the escalating COVID-19 pandemic, economic stimulus, and tax relief.  This 5,500 page piece of legislation… Read More

We cover a multitude of tax strategies created by the recent legislation. We also discuss pitfalls taxpayers must avoid to save tax. Presentation Slides Available Here.

Friends, I hope this message finds you well.  As you likely know, the impact of COVID caused federal and state taxing authorities to extend most individual filing and payment deadlines beyond the April 15th deadline.  I have attached a summary of all federal and state income tax deadlines for your reference.   While most states have… Read More

Video Playback Available of the Securing PPP Loan Forgiveness Webinar: Other Materials: PDF Securing PPP Loan Forgiveness For access to the calculator spreadsheet, please reach out directly to Dan Packard at dpackard@coopernorman.com or Tim Anderson at tanderson@coopernorman.com.

Friends, As April 15th approaches, many states have provided additional payment and filing guidance.  While most states have followed the federal postponement, it is important to understand the respective guidelines for states where you file.  To assist in this process, we have summarized the filing, payment, and estimate guidance from each state.  Please contact your… Read More

We have crafted a Paycheck Protection Program Loan calculator to help you determine the maximum amount of the loan and the portion that will be deemed forgiven.  This information is provided for estimate and planning purposes only.  Loan approval can only be granted by an SBA 7(a) lender.  It is Cooper Norman’s current expectation that… Read More

The President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  Regulatory guidance from federal agencies such as the Department of Labor, Department of Treasury, Department of Health and Human Services, and the Internal Revenue Service is still necessary to fully explain the value and impact of these provisions.The CARES Act endeavors… Read More

USCIS has released a new I-9 that all employers should start using beginning January 31, 2020.