news

After the initial announcement of the economic impact payments, the IRS stated that Social Security recipients would need to file a simple return to receive their recovery rebate. However, the Treasury Department announced in a press release on April 1, 2020 that Social Security recipients would receive their economic impact payment automatically without a requirement […]

We have created a Paycheck Protection Program (PPP) summary sheet which gives key provisions of this new program. Read our summary sheet here. We have also created a PPP loan calculation sheet to help you calculate the amount of loan you would be eligible for depending on your situation. To see our PPP calculation sheet,

The IRS released some new questions and answers information regarding paid sick, medical, and family leave.  Please see the link below for this information. One important update we want to point out is covered in Question 6 in the link. Employees’ checks should have FICA and Medicare withholding. Employers should match the Medicare that they

There are some changes coming related to unemployment benefits for independent contractors and self employed individuals.

During this time that we find ourselves in, the IRS is warning about coronavirus-related scams. Read more here. Some highlights from the IRS News Release: The IRS isn’t going to call you asking to verify or provide your financial information so you can get an economic impact payment or your refund faster, Don’t open surprise

The DOL has posted the following FAQ regarding the Families First Coronavirus Response Act.

The DOL has posted an FAQ page regarding FFCRA.

A new law was recently put into place called the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The CARES Act has both personal and business tax provisions that will affect our clients. Click the link below to read our summary of the CARES Act.   BRSW Summary: Coronavirus Aid, Relief and Economic Security

One of our staff members at the Van Wert location has tested positive for COVID-19.

The Internal Revenue Service announced on March 20, 2020 with IR-2020-57 that employers could immediately start claiming the credit for sick leave paid. See additional information regarding paid sick leave here. The Department of Labor (DOL) just released the following statement, “The FFCRA’s paid leave provisions are effective on April 1, 2020, and apply to leave taken