A-Z Blog

Financial Assistance for Small Businesses – SBA Loans

March 23, 2020 Tax Department COVID-19, Tax Bites COVID-19, CPRSAA, financial assistance for small businesses, SBA, SBA disaster loans, small business

On March 6, 2020, President Trump signed the Coronavirus Preparedness and Response Supplemental Appropriations Act, which provides for emergency supplemental appropriations in the amount of $8.3 billion to address issues caused by the coronavirus outbreak. As part of this Act, the Small Business Administration (“SBA”) was authorized to provide disaster assistance loans on a state-by-state basis.[ … ]

Tax filing deadline moved to July 15

March 20, 2020 April 20, 2020 Tax Department COVID-19, Tax Bites COVID-19, deadlines, extended tax deadline, tax filing deadline

The U.S. Treasury has extended the April 15 tax filing deadline to July 15 to give individuals more time to prepare and pay their taxes during the coronavirus outbreak. Treasury Secretary Steven Mnuchin said on Friday, March 20, “All taxpayers and businesses will have this additional time to file and make payments without interest or[ … ]

H.R. 6201 – The Families First Coronavirus Response Act (FFCRA)

March 19, 2020 March 25, 2020 Tax Department COVID-19, Tax Bites COVID-19, EFMLEA, EPSLA, FFCRA, FICA taxes, HR6201, Medicare taxes, Payroll tax credits

On March 18, 2020, the U.S. Senate passed the House Coronavirus Bill (H.R. 6201) in a 90-8 vote. The act has now been signed into law by the President. This is the second of three packages from Congress providing relief due to the Coronavirus outbreak. Congress is currently working on the third package, all of[ … ]

BeachFleischman’s COVID-19 Update

March 16, 2020 March 20, 2020 Marc Fleischman COVID-19, News and Events client service, coronavirus, COVID-19

We are committed to maintaining the quality of your service while taking every precaution possible to protect the health and safety of our employees, clients, friends, and families. We are all impacted in some way by this pandemic, and BeachFleischman has been planning and working to ensure continuity of service. Here’s what you need to[ … ]

The 2019 gift tax return deadline is coming up

March 11, 2020 Tax Department Tax Bites annual gift tax exclusion, deadlines, gift tax, Gift Tax Exclusions, Section 529

April 15 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2019 gift tax return this April (or if you may want to file one anyway).

Home is where the tax breaks might be

March 4, 2020 Tax Department Tax Bites home ownership, mortgage interest, tax breaks

Buying a home and want to know how much of a tax break you’ll get for paying mortgage interest? Here are the rules.

Do you run your business from home? You might be eligible for home office deductions

February 27, 2020 Tax Department Tax Bites direct expenses, home office, self-employment taxes, tax planning

Do you operate your business from home or perform certain functions at home that are related to your business? You might be able to claim home office deductions on your tax return.

Reasons why married couples might want to file separate tax returns

February 19, 2020 Tax Department Tax Bites income tax filing, tax filing status

In most cases, married couples who file jointly save more money on taxes than those who file separate returns. However, there are cases when filing separately is a better option.

The tax aspects of selling mutual fund shares

February 12, 2020 Tax Department Tax Bites mutual funds, selling shares

There are many complex facets involved in selling mutual fund shares. Here’s a rundown.

David M. Iaconis earns the Certified Exit Planning Advisor (CEPA) designation

February 10, 2020 Eric Majchrzak News and Events business advisors, certification, exit planning

BeachFleischman’s David M. Iaconis recently earned the Certified Exit Planning Advisor (CEPA) designation after completing the Exit Planning Institute’s intensive 4-day executive MBA-style program. David joins an elite group of business advisors who have received this designation and are a part of the Exit Planning Institute’s international community of CEPAs. The CEPA program is the[ … ]