Live Updates: The Latest News for Taxpayers and Small Business Owners
Check in for live updates with all the latest relevant news stories for individual taxpayers and SMB owners….
COVID-19
Employers and Self-employed Who Elected to Defer 2020 Social Security Tax, The Payments Are Due Jan. 3
As part of the COVID relief provided during 2020, employers and self-employed people could choose to put off paying the employer’s share of their el…
IRS Extends COVID-19 Relief Leave Donations
As part of the emergency disaster declaration made by President Trump on March 13, 2020, it became possible for employees to donate their unused paid …
SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000
The SBA is expanding loan opportunities for nonprofits and small businesses struggling during COVID-19, allowing loans of up to $500,000 under the EID…
IRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income
The IRS announced on March 31, that it will take steps to automatically refund money this spring and summer to people who filed their tax return repor…
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