CARES Act, Funding, Giving, ppp, sba, Small Business, taxes, Update, Withholding

Rundown of New Provisions

Here is a quick rundown of the top 3 individual and business tax provisions in the COVID-Related Tax Relief Act of 2020 (part of the Consolidated Appropriations Act, 2021). Individual Provisions                 Economic Impact Payments – You may have already received a pending notification regarding your “second stimulus.” Please note, currently the law only allows $600 per taxpayer, spouse, and…

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CARES Act, Giving, taxes

Something Good

We have made it through the bulk of 2020 and as we begin to reflect on our year and look to the future, I want to share something good that came out of the CARES Act in March. For the first time since the 1980’s, you can take a $300 deduction for charitable contributions even if you do not itemize…

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