For any employer that expected PPP loan proceeds to be “free money,” the IRS has essentially said – not so fast. In guidance issued on May 1, 2020, the IRS clarified that to the extent that an employer makes payments of expenses that result in…
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The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act includes two very important payroll tax provisions: an Employer Payroll Tax Delay and an Employee Retention Payroll Tax Credit. Employer Payroll Tax Deferral What it is: For the remainder of the year, employers may elect to…
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The federal and Missouri state governments have announced consistent and simple automatic relief from the April 15, 2020, tax filing and payment deadlines. Federal Relief The IRS and the Department of Treasury recently announced that the federal income tax filing due date is automatically extended…
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On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act (the Act), which requires employers with fewer than 500 employees to provide paid leave for specified reasons related to COVID-19. The Act will take effect April 1, 2020, and will…
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Please note, this post was originally posted on March 18, 2020. Due to quickly developing changes, this information may not reflect up-to-date announcements. Please visit the following link for updated information: COVID-19 Consequence: Tax Filing and Payment Deadlines Extended UPDATE: Tax Filing Deadline Now Extended…
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On October 4-5, 2019, Capes Sokol Shareholders, Laura E. Krebs Al-Shathir and Michelle F. Schwerin, will present to many of the country’s leading tax attorneys and government officials at the 2019 American Bar Association Fall Tax Meeting. On Friday, Laura will moderate a panel discussion…
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On May 9-11, 2019, Laura E. Krebs Al-Shathir, Sara G. Neill, and Michelle F. Schwerin will present in front of the nation’s leading tax practitioners at the 2019 American Bar Association (ABA) Section of Taxation May Meeting. Capes Sokol Presentations at the 2019 ABA…
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