News & Updates
Conley CPA Group Announcement
Conley CPA Group, PLLC Announces the Addition of Michael E. Koreski, CPA, CGMA as Partner Michael began his public accounting career with Conley CPA Group in 2007 after receiving his Bachelor of Science in Business Administration in Accounting and Master of...
IRS PREPARES TO LAUNCH “GET MY PAYMENT” APPLICATION
Last week, the IRS launched a web tool which allows individuals who don't normally file a tax return to quickly register for Economic Impact Payments (often referred to as stimulus payments). Eligible taxpayers who filed tax returns for 2019 and 2018 will receive...
REMINDER: APRIL 15 TAX RETURN FILING AND PAYMENT DEADLINE HAS BEEN EXTENDED TO JULY 15
On March 21, 2020, the Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020 to July 15, 2020. Taxpayers can also defer income tax payments to July 15, 2020 without penalty or interest. No forms...
PAYCHECK PROTECTION PROGRAM
The Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Paycheck Protection Program (PPP), which provides 100% federally guaranteed loans to small businesses who maintain payroll during the emergency. The loans are forgiven if borrowers maintain...
CARES ACT STIMULUS PAYMENTS
Dear Valued Clients and Friends, The Coronavirus has infected our life in many ways. Family and friends are sick, quarantined or under a stay-at-home order. The stock market has crashed. The kids are out of school. Restaurants and shopping malls are closed. More than...
PRESIDENT TRUMP SIGNS INTO LAW CARES ACT
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to...
U.S. DEPARTMENT OF LABOR PROVIDES GUIDANCE FOR WORKERS AND EMPLOYERS REGARDING THE FAMILIES FIRST CORONAVIRUS RESPONSE ACT.
Earlier today, the U.S. Department of Labor's (DOL) Wage and Hour Division (WHD) provided additional guidance explaining paid sick leave and expanded family and medical leave under the Families First Cornavirus Response Act (FFCRA). The guidance includes posters that...
IRS OUTLINES PROCEDURES FOR PAYROLL TAX CREDITS AND RAPID REFUNDS FOR EMPLOYERS MAKING FEDERALLY-MANDATED COVID-19 LEAVE PAYMENTS
The federal government is trying to get much-needed cash into the hands of employers and employees affected by COVID-19 as quickly as possible. To do so, it is utilizing employers' existing payroll systems to minimize the employers’ cash flow hardship that might...