Nov 20, 2020 | Helpful Articles, Latest Tax Developments
To our Valued Clients and Associates, Late Wednesday night, November 18th, the IRS released Revenue Ruling (Rev. Rul.) 2020-27 and Revenue Procedure (Rev. Proc.) 2020-51 to clarify the rules for deducting expenses paid with PPP funds. While we have been looking for...
Oct 28, 2020 | Helpful Articles
To our Valued Clients and Associates, On Thursday October 22, the Commonwealth of Massachusetts announced a new grant program for small businesses. The two-tiered program offers grants of up to $25,000 for businesses with five or less employees, while companies with...
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...
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...
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...
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...
