Families First Coronavirus Response Act – What it Covers
On March 18, 2020, President Trump signed the Families First Coronavirus Response Act (“the Act”) into law. While the legislation has many provisions, there are four key areas that address […]
Category: Articles
Fraudsters are using COVID-19 to fleece Americans
As governments around the globe mobilize to defend their populations from the novel coronavirus (COVID-19), criminals are also mobilizing — to fleece people. These opportunists have already found ways to […]
Coronavirus (COVID-19): Tax relief for small businesses
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief. In a separate development, the IRS has […]
HW&Co. is an essential business under Ohio’s Stay at Home Order
Dear valued clients and friends of the firm: On Sunday the state of Ohio issued a Stay at Home Order effective 11:59 p.m. on March 23, 2020, until 11:59 p.m. […]
Electronically-filed Tax Returns With Scheduled Withdrawals of Tax Payments
Part of the electronic filing process of individual returns is setting up automatic withdrawals to pay taxes that were due on April 15th. If your personal 2019 return was already […]
SBA Disaster Loans for Small Businesses
An SBA Section 7(b) Economic Injury Disaster Loan (EIDL) Program provides up to $2 million to help business with fewer than 500 employees pay fixed debts, payroll, accounts payable, and […]
Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed
On Friday, the IRS officially announced that, because of COVID-19, tax returns due April 15 will not have to be filed until July 15 this year. The notice applies to […]
Tips For Anyone Who’s Working From Home Due to COVID-19
Tips to effectively work from home First, get changed out of your pajamas every morning. It’ll help get you in the right headspace for work and allow you to take […]
IRS deferred tax payment guidance update
This follow up is to keep you as up to date as possible on tax changes emerging as a result of COVID-19. IRS issued Notice 2020-17 clarifying Secretary Mnuchin’s comments. […]
Business opportunity or scam?
The investment “opportunity” could be anything from a new nutritional supplement to a foolproof method for “flipping” houses. But if the investment or product is advertised as “easy money” or […]
IRS will defer tax payments with no interest or penalties
Dear valued clients and friends of the firm: HW&Co.’s number one priority is the safety and well-being of our people, clients, families and the communities in which we live and […]
Small business owners still have time to set up a SEP plan for last year
Do you own a business but haven’t gotten around to setting up a tax-advantaged retirement plan? Fortunately, it’s not too late to establish one and reduce your 2019 tax bill. […]
