Economic Impact Payments for Supplemental Income Recipients

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

IRS Urges Taxpayers To Use Electronic Options

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

New Tool For "Non-Filers"

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

IRS Extends More Tax Deadlines

Friday, April 10, 2020
IRS deadline expands tax deadlines to cover more individuals, trusts, estates, corporations, and others... Read More

What Is Next After "Wayfair"

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

Employee Retention Tax Credit for COVID 19 Impacted Employers

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

IRS Warns About Coronavirus Related Scams

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

Coronavirus Emergency Loans

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

Coronavirus Aid, Relief, and Economic Security Act or The CARES Act

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

Make This a Tax Election Year

Wednesday, March 25, 2020
This a presidential election year, but there may be other important votes to cast in 2020: The elections you make on your 2019 tax return. Here are five choices that can make a big tax difference... Read More