In late May, the Biden Administration released its proposed budget for fiscal year 2022. Proposals in the budget, which are described in the General Explanations of
At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic.
Depreciation Deductions Among the many changes made by the CARES Act, the one which may have the most impact is the correction of a technical error
Effect of CARES Act Rebate on Your 2020 Tax Return Under the CARES Act, individuals with income under a certain level are entitled to a recovery rebate tax
The Department of Treasury and Internal Revenue Service issued guidance (August 28, 2020) implementing the Presidential Memorandum issued on August 8, 2020, allowing employers to defer withholding
On August 8, 2020, President Trump signed four executive actions which the Administration said will assist individuals and businesses suffering as a result of economic
The Small Business Administration an interim final rule that clarifies the amount of compensation that self-employed individuals are eligible to have forgiven. The SBA also
As you may know, the initial rollout of the program was rocky and some provisions of the program were criticized by businesses as not doing
As there is much information and law changes occurring lately, below is a brief summary of some relief programs for businesses effected by the COVID-19
Newsom and Associates PA
12740 Atlantic Blvd
Suite 7
Jacksonville, FL 32225
Hours of Operation
Mon-Fri: 8:00am-5:00pm
Sat-Sun: By Appointment
Tel: (904) 320-0572
Fax: (904) 320-0576
