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...
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...
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...
A Little Used IRS Code Section Applicable Now for Businesses! Internal Revenue Code Section 139 was initially created as a result of the 9/11 attacks. The intent was to allow employers...
IR-2020-64, April 2, 2020The Internal Revenue provided the following advice to taxpayers on April 2, 2020: Be on the lookout for a surge of calls and email phishing attempts about...
Payroll Tax Deferral for Employers The CARES Act economic stimulus package, passed on March 27, allows companies to defer paying their portion of Social Security payroll taxes (6.2%). Companies will still...
The President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law today. The CARES Act provides historic stimulus for small businesses. Most importantly, a portion of...
Our Virtual Offices are Open! Haynie & Company is proud to have secure technology in place that enables our team to serve you well from any location. Although our physical office...