Webinar: COVID-19 Business Loans and Grants
SBA Disaster Loans and Paycheck Protection Program (PPP) Loans Explained Haynie & Company and NOW CFO teamed up to educate and discuss with business owners and leaders how to apply for...
16 April, 2020
CARES Act Tag
Individual Stimulus Payments
The IRS will start sending Economic Impact Payments to most Americans in April. Check your eligibility, payment status and confirm your payment type. A Few Words of Caution: Scammers will doubtlessly...
14 April, 2020
Extensions for Tax-Free Section 1031 Deadlines
Notice 2020-23 (which updates Notice 2020-18, “Additional Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic”), released on April 9, 2020, provides Taxpayers who are currently engaged in a...
14 April, 2020
CARES Act: Changes to Health Savings Accounts
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law March 27, 2020, contains important updates on the use of health savings accounts (HSAs), flexible spending accounts (FSAs)...
14 April, 2020
Coronavirus and Taxes: Frequently Asked Questions (FAQ)
The COVID-19 outbreak is affecting every facet of our lives – including our taxes. Check here for all your tax related FAQ to see how you may be impacted. Q1: Since...
13 April, 2020
Five-Year Carryback for Net Operating Losses Now Available
The December 2017 tax act (TCJA) eliminated NOL Carrybacks, and limited NOL Carryforwards to 80% of taxable income. The 2020 CARES Act temporarily eliminated these provisions and increased the previous...
09 April, 2020
COVID-19 Retirement Plan Changes
The last four months have been a tumultuous time for retirement plan distribution rules and in particular Required Minimum Distribution (RMD) rules. SECURE ACT CHANGES In late December 2019, long before Coronavirus...
09 April, 2020
CARES Act: Enhanced Unemployment Benefits, Self-Employed Now Qualify
The Coronavirus Aid, Relief, and Economic Security (CARES) Act enhanced standard Unemployment Benefits for those affected by COVID-19. It also created Unemployment opportunities for many who were traditionally not be...
08 April, 2020