legislation Archives

Pocket a tax break for making energy-efficient home improvements

Sep 21, 2023 | Individuals

Making energy efficient home improvements may allow you a beneficial tax break.

Discussing the President’s executive action to defer payroll taxes

Aug 18, 2020 | Small Business

On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These actions were taken in an effort to offer more relief due to the COVID-19 pandemic....

SBA offering disaster loans to small businesses hit hard by COVID-19

Apr 2, 2020 | Small Business

Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small businesses face particular difficulties in that, by definition, their resources — human, capital and otherwise — are limited....

Cash payments and tax relief for individuals in new tax law

Mar 31, 2020 | Individuals

Cash payments and tax relief for individuals in the new law A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures to help Americans during the coronavirus (COVID-19) pandemic. This article explains some of the tax...

Employee leave under the Families First Coronavirus Response Act

Mar 31, 2020 | Small Business

Congress passed and the president signed into law the Families First Coronavirus Response Act on March 18. The law allows employees time to care for themselves or loved ones and includes provisions for new tax credits to offset employers’ costs. But the immediate need...

Coronavirus (COVID-19) tax and other relief for individuals

Mar 30, 2020 | Individuals

Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The Treasury Department and IRS announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15,...

401(k) plan highlights of the SECURE Act

Jan 20, 2020 | Small Business

Late last year, Congress passed, and the President signed into law, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). Among its most notable rule changes are those pertaining to 401(k) plans. Here are some key highlights. New tax credit...

4 new tax law changes that may affect your retirement plan

Jan 13, 2020 | Individuals

If you save for retirement with an IRA or other retirement plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed into law on December 20, 2019, made these four...

New tax law provides a variety of small business tax breaks

Jan 6, 2020 | Small Business

While you were celebrating the holidays, you may not have noticed that Congress passed a tax law with a grab bag of provisions that provide tax relief to businesses and employers. The “Further Consolidated Appropriations Act, 2020” was signed into law on December 20,...

Congress gives a holiday gift in favorable tax provisions

Dec 30, 2019 | Individuals

As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump will sign the Further Consolidated Appropriations Act of 2020 into law. It also...

legislation