FAQ’s about the Paycheck Protection Program (PPP)
If you’re like most employers, your head is swimming with all of the information that’s been coming out of Washington D.C. these past few weeks. Thankfully, on April 6th, Treasury […]
Category: Tax
Q&A about the CARES Act employee retention tax credit
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the […]
Beware Coronavirus-related Scams
The IRS has issued a warning to taxpayers about calls and email phishing attempts dealing with COVID-19 or the Coronavirus. Main concerns center around identity theft and tax-related fraud. Taxpayers […]
The new COVID-19 law provides businesses with more relief
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus […]
Ohio Extends Tax Filing Deadline
Ohio Tax Commissioner Jeff McClain confirmed that Ohio will follow the lead of the federal government. Ohio is extending the deadline to file and pay state income tax to July […]
Ohio Legislature OK’s State Tax Filing Extension
The Ohio Legislature unanimously voted to give Ohio Tax Commissioner, Jeff McClain, authority to extend the state tax filing deadline to July 15th. This would keep the Ohio tax deadline […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
