Latest Tax Developments | Paresky Flitt & Company, LLP

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...

New Meals & Entertainment Limitations

Jan 25, 2018 | Helpful Articles, Latest Tax Developments

The time to find out expenditures are no longer tax deductible is before the money is spent, not when the receipts are totaled at year end. To that end, there has been a major change in allowable deductions beginning in 2018 for meals and entertainment expenses. Tax...

New year, new tax brackets. Here’s where you stand

Jan 4, 2018 | Latest Tax Developments

It’s now 2018, and a raft of changes to the tax code are in effect – including updates to income tax brackets. The Tax Cuts and Jobs Act, signed into law by President Donald Trump in December, maintains the same seven-bracket structure that was in force...

2017 Tax Cuts and Jobs Act Bill

Dec 20, 2017 | Latest Tax Developments

On Friday December 15th Congress blessed the American taxpayers with a tax bill reconciled from two similar, yet distinctly different, bills passed separately in the House and Senate. The reconciled draft legislation was passed by the Senate on Tuesday, December...

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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 >