#TaxTwitter: Starting Jan. 1, 2024, businesses that receive $10,000+ in cash must electronically report transactions to the U.S. government. Learn more from the #IRS at: https://t.co/a2Wfwj7cLf
@QBOCares QBO Payroll is going downhill lately. Today is a payday for many. QBO sent confirmations that payroll is processed. However, funds were not taken out from a company bank account and employees did not receive their direct deposits. Several clients reported this issue.
.@RepSmucker, R.-Pa., announced he will introduce a bill that pushes back the due date for first-quarter 2021 estimated tax payments from April 15, 2021, to May 17, 2021. The @AICPA expressed its support for the bill. https://t.co/l78pl6SkqT
The Employee Retention Credit is available to eligible employers under the American Rescue Plan Act of 2021 for wages paid during the third and fourth quarters of 2021. #IRS guidance can help employers claim the credit: https://t.co/djCtQyFoEF #COVIDreliefIRS
Changes brought on by the SECURE act have added new wrinkles to the planning process that must be considered by IRA owners and CPA financial planners. https://t.co/cvdco3NOgq
#IRS reminder: the June 15 tax deadline is postponed to July 15 for taxpayers who live and work abroad. Learn more: https://t.co/fT8SYTCP6g #COVIDreliefIRS
#IRS releases guidance that extends the claims period for health flexible spending arrangements (#FSA) and dependent care assistance programs. https://t.co/Fg8c0r25Xa #COVIDreliefIRS
Taxpayers SHOULD NOT use the #IRS Non-Filers’ online tool to get an Economic Impact Payment if they filed a 2019 or 2018 tax return or if they plan to file a regular 2019 tax return. They have several e-filing options instead, including #IRSFreeFile: https://t.co/4r9uWYSpPq
SBA stopped accepting PPP loan applications. Chase Bank promises to notify the lucky ones who got approved by tomorrow morning 4/17/20. Chase pledged to continue processing existing applications in anticipation of another round of funds from Congress.
#PPPloanChase#PPPloan