Highlights of the CARES Act

Eric Greenspan Coronavirus

Please note that this is very recently passed (3/25/2020) and more clarification and regulation will be coming through the pipes as it is further developed. This is our interpretation of the preliminary passed rulings. Please reach out to us if you have specific questions.

CPAofFlorida WOW – When Will I Receive My Stimulus Check?

Janet Noack WOW Words of Wealth Podcast

There is all kinds of talk about the $1200 and $2400 stimulus checks which are supposed to be coming to all taxpayers. Will i receive one? How much will it be? Will i get extra for my kids? How do I apply to get a check? When will the money arrive? Are there any reasons i might not get a check? Listen for up to date information on how this will all unfold.

Federal Filing Deadline by State

Janet Noack Coronavirus

Treasury Secretary Steven Mnuchin announced on Friday, March 20, 2020 that the federal filing deadline was being moved to July 15, 2020 due to the COVID-19 outbreak. State departments of revenue are expected to follow suit, so we have begun building a list of affected state individual income tax return deadlines. We will update this list as we receive new information.

CPAofFlorida WOW – Tax Gotchas How Can I Take Cash Out Of My Company For Personal Use

Janet Noack WOW Words of Wealth Podcast

This podcast will discuss whether you can take cash out of your company bank account for personal use. It will discuss the different types of entities and how to get it out. It will also discuss taxation of profit in pass through entities. You might be surprised to learn uou are taxed when you earn the profit and not when you take the cash out of the business.