by the Storen Team | Jan 8, 2021 | Resources, Resources for Businesses, Taxes
The IRS has had severe backlogs in mail and major issues within the Department in 2020 As we approach the fourth installment of Quarterly Estimates due January 15th, I wanted to encourage everyone to start paying your estimates electronically going forward. The IRS...
by the Storen Team | Jan 5, 2021 | Businesses, Resources for Businesses, Taxes
Is the forgiven portion taxable to my business? Is there a second round of funds for businesses? President Trump signed the $900 billion COVID-19 relief bill on December 27th so now we have final guidance on the PPP program. The bill is 5,593 pages long so the...
by the Storen Team | Jan 5, 2021 | Resources, Resources for Businesses, Taxes
As of December 29, 2020 the Internal Revenue Service (IRS) and the Treasury Department began delivering a second round of Economic Impact Payments as part of the 2021 CARES Act (stimulus checks). Direct deposit and paper checks started being distributed on Wednesday...
by the Storen Team | Dec 7, 2020 | Resources, Taxes
Virtual tax appointments are both safe and convenient When the pandemic hit, almost everything changed overnight. Social distancing and hand washing were on everyone’s minds as we tried to figure out the “new normal.” With quarantines in place, our lives became...
by the Storen Team | Nov 24, 2020 | Businesses, Resources for Businesses, Taxes
As the leaves fall and stores begin playing holiday music, our minds quickly transition to payroll and bookkeeping year-end processes. Ok, so maybe that’s not quite how it goes. But, we’re here to help you finalize 2020, prepare for the upcoming tax season, and...
by the Storen Team | Nov 18, 2020 | Resources, Taxes
COVID-19 has impacted all of us in one way or another, and charities are no exception. Many of them are really struggling to continue providing their essential services. Giving to a charity before the end of the year will not only help them, but it can also provide...
