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Coronavirus Stimulus: Key Tax Highlights & Provisions
The Families First Coronavirus Relief Act (FFCRA) was signed into law last week and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law this afternoon.
Federal and Minnesota Tax Deadlines Extended
Treasury Secretary Mnuchin announced on Friday, March 20th that the federal tax deadline will be extended until July 15th, 2020 and Minnesota Governor Walz announced that the State of Minnesota will follow suit with income tax filings and income tax payments due July 15th.
Tax Implications Related to COVID-19
There are several federal and state tax law changes related to the Coronavirus/COVID-19 and there are new developments seemingly every day. Three recent changes, that may affect your tax situation, are explained in this article.
Sales Tax: What is Nexus?
Are you worried about multi-state tax compliance? Business owners should carefully consider sales and use tax nexus issues.
5 Tips For Avoiding Tax-Related Identity Theft
According to the IRS, in 2017, 597,000 tax returns were confirmed identity theft. All taxpayers should ensure they are doing everything they can to prevent a thief from stealing their identity.
How to Navigate Construction Industry Labor Shortages
Severe labor shortages amid a nearly fully employed national economy have plagued construction companies across the sector in recent years, limiting the level of construction investment and volume of new projects.