Wednesday, April 15, 2020
Instead of meeting an April 15th tax deadline, millions of Americans will be getting Economic Stimulus Payments deposited into their accounts today. The IRS extended the April 15th deadline to July 15th to assist Americans with the impact of the Coronavirus. Today the Treasury and IRS unveiled an online application for taxpayers to check on their payment and update direct deposit information. It's called Get My Payment... Read More
Wednesday, April 15, 2020
The Social Security Administration announced today that Supplemental Security Income (SSI) recipients will automatically receive their Economic Impact Payments directly to their bank accounts throughdirect deposit, Direct Express debit card, or by paper check, just as they would normally receive their SSI benefits. Treasury anticipates SSI recipients will receive these automatic payments no later than early May ... Read More
Friday, April 10, 2020
The Internal Revenue Service today reminds taxpayers and tax professionals to use electronic options to support social distancing and speed the processing of tax returns, refunds and payments... Read More
Friday, April 10, 2020
The IRS has launched a new tool to help people who normally don't file a tax return get their economic impact payment... Read More
Friday, April 10, 2020
IRS deadline expands tax deadlines to cover more individuals, trusts, estates, corporations, and others... Read More
Monday, April 06, 2020
There are some changes on collecting sales tax after the Supreme Court ruling in South Dakota v. Wayfair. GMP Tax Manager Jason Creel takes a closer look at the details... Read More
Friday, April 03, 2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act created a new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19... Read More
Friday, April 03, 2020
The IRS has issued warnings concerning Coronavirus-related scams. Many of these schemes are tied to the economic impact payments... Read More
Thursday, April 02, 2020
(Updated 2/3/2020) The CARES Act has a number of provisions aimed at assisting small business during the COVID 19 outbreak. One provision is the Paycheck Protection Programs (PPP) Loans. The U.S. Chamber of Commerce has released an updated checklist for businesses who might benefit from this program. ... Read More
Monday, March 30, 2020
The $2.2 trillion dollar stimulus package known as the CARES Act was passed by Congress and signed by the President last week. The GMP staff has studied the bill and has details on how it can impact both you personally and your business. ... Read More
