Updated Federal and State Filing Deadlines

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

American Rescue Plan Act of 2021

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

Stimulus Legislation Information Released – Second Round of PPP Loans, Stimulus Checks, and Taxation of PPP Proceeds

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

Current Federal and State Income Tax Deadlines

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

Filing and Payment Deadlines

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

CARES Act, Tax Reform, and 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