Latest Tax Developments | Paresky Flitt & Company, LLP

H.R. 7010 passed by House and Senate to provide relief for PPP borrowers

Jun 4, 2020 | Latest Tax Developments

To our Valued Clients and Associates, Yesterday, the Senate approved the bill H.R. 7010 that had passed the House last week. The Bill now heads to the President for signing. For borrowers under the PPP loan program, H.R. 7010 provides some much-needed...

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...

PFC Loan Summary – March 30, 2020

Mar 30, 2020 | Firm News, Latest Tax Developments

To our Valued Clients and Associates, With the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the third stimulus bill related to the Covid-19 pandemic) on Friday, the Government has provided much needed relief to small businesses. However,...

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...

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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 >