Helpful Articles | Paresky Flitt & Company, LLP

Paycheck Protection Loan Update from US Treasury

Apr 1, 2020 | Helpful Articles, Latest Tax Developments

To our Valued Clients and Associates, The U.S. Treasury has released a Fact Sheet and the application form for the Paycheck Protection Program. The Fact Sheet contains some important changes and updates to the program. Here are some highlights of the Fact Sheet they...

CARES Act Update – March 26, 2020

Mar 26, 2020 | Helpful Articles, Latest Tax Developments

To our valued clients and associates, March 26, 2020 The Senate has overwhelmingly passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and it appears that the House is set to do the same on Friday, paving the way for the President to sign the bill...

CARES Act tax provisions aim to stabilize pandemic-ravaged economy

Mar 26, 2020 | Helpful Articles, Latest Tax Developments

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, which passed the Senate by a 96-0 vote late on Wednesday, contains a host of tax measures as part of a $2 trillion aid package designed to help the economy as it suffers from the effects of the...

PFC Note to Clients

Mar 19, 2020 | Firm News, Helpful Articles, Latest Tax Developments

To our valued clients and associates, The IRS recently issued Notice 2020-17 (included below as issued) and it has caused some confusion among taxpayers. Paresky Flitt & Company is here to help provide you with some clarity on the recently issued Notice...

Differential Functioning: Tax Law vs. Form W-4 Withholding Rules

Nov 13, 2019 | Helpful Articles

Many wage earners were stymied last April when they completed their tax filings. Despite the much-touted anticipated tax savings, which should have resulted in a sizable refund, many taxpayers discovered they actually owed taxes. The reason for this was a shortfall...

Guaranteed Payments Might Not be Guaranteed (To Your Benefit)

Sep 3, 2019 | Helpful Articles

Partnerships and entities taxed as partnerships, such as some LLCs, often pay partners specific amounts outside of the partnership’s usual income allocation. This is usually in the form of health insurance, retirement contributions, or additional income for specific...

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Due to coronavirus health and safety concerns, we have suspended all in person meetings.

We are asking that you use our secure portal, conventional mail or the dropbox in front of our office for the exchange of documents.

The tax deadline for filing and payments has been extended to July 15, 2020.

The IRS put out this Q&A regarding the change in due date from April 15th to July 15th. This is a really helpful read that addresses many of the questions we’ve received. Click here to read >