We are monitoring developments in the U.S. Congress regarding an emergency relief stimulus package that includes individual taxpayers and businesses. Today, we received a briefing that laid out some key provisions, but bear in mind that the U.S. House still needs to pass the bill, currently known as the Coronavirus Aid, Relief and Economic Security...Continue Reading
The Families First Coronavirus Response Act (FFCRA) is slated to take effect April 1, 2020. We know that it leaves affected employers with many questions regarding their responsibilities to provide paid family and sick leave to employees impacted by COVID-19. Our team at Anglin Reichmann Armstrong has summarized some of the frequently asked questions about...Continue Reading
On March 20th the IRS issued Release IR 2020-57 announcing that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided...Continue Reading
As coronavirus (COVID-19) continues to spread, rattling financial markets, forcing the closures of businesses and schools, and canceling major public events across the country, the Trump Administration and Congress began taking steps to mitigate the impact on Americans. On March 13, 2020, President Trump declared a national emergency, which frees up $50 billion in funding for state and local...Continue Reading
Treasury Releases Final Written Guidance on Tax Relief The due date for making Federal income tax payments due April 15, 2020 is postponed to July 15, 2020. The amount which can be postponed without penalty and interest is $1 million for an individual (whether married or single), trust or estate income tax return, and $10 million...Continue Reading
Business owners may get nervous about having to file for a tax return extension, but it does have some benefits. This article discusses common cases where extensions are recommended and can be helpful to the business owner — even if they still have to pay estimated taxes by the April due date. A business tax...Continue Reading
Joint hosts, Unanet and Anglin CPA, invite you to the 3rd Annual Huntsville GovCon Growth Summit on Wednesday, March 11th, at the beautiful Jackson Center in Research Park. The day will kick off with a keynote presentation by Col. Kelsey Smith. The U.S. Army garrison commander will review 2019 developments and discuss any expected growth...Continue Reading
As we embark upon this new year which is complete with new deadlines and agendas it is imperative that the Department of Labor (DOL) New Overtime Rules are part of the new year planning and evaluation. The final rule which is effective as of January 1,2020 includes an increase in the standard salary level which...Continue Reading
Among just 90 U.S. firms named to both lists, Anglin Reichmann Armstrong is starting the New Year right with a national Top Firm ranking through Forbes. In a U.S. survey vetted through a market research firm, Anglin joined 227 large and small firms as “the most recommended firms for tax and accounting services in the U.S.”...Continue Reading
