PPP Update – Loan Forgiveness & Tax Planning
Dent Moses partners Mike Baker and James Moody, along with Nicole Reed of Capital Solutions discuss current Paycheck Protection Program Loan Forgiveness guidance as well as tax planning related to PPP. This update was recorded on 10.8.2020.
James Moody Appointed Chair-Elect of the ASCPA
Dent Moses is pleased to announce that James Moody has been appointed to serve as Chair of the Alabama Society of Certified Public Accountants (ASCPA) for a one-year term beginning in June 2021. The ASCPA is the statewide, professional membership organization representing over 6,000 Alabama CPAs in public practice, industry, government, and education. On being…
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Election 2020: Trump vs. Biden on Corporate Tax Policy
The Democratic and Republican conventions have put a spotlight on this fall’s presidential election, and with that in mind, Top 10 Firm Crowe LLP has released this handy at-a-glance summary of the two candidates’ proposed policies for corporate taxes. (See the firm’s summary we shared of their tax policies for individuals .) CORPORATE RATE Trump-Lower the corporate tax…
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IRS Issues Guidance on Payroll Tax Deferral
Join Dent Moses Managing Director, Mike Baker as he discusses this new guidance. Late last Friday, August 28, 2020, the IRS issued guidance on President Trump’s payroll tax deferral memorandum.
IRS Posts Information on Check Processing, 2019 Return Backlog, and Incorrect Notices
The IRS is working through a backlog of paper-filed 2019 tax returns, checks, and correspondence resulting from a COVID-19 related shutdown in mid-March. It has been reported that the IRS had as much as 12 million pieces of unopened mail waiting to be processed.
Additional Guidance Required on Trump’s Payroll Tax Deferral
On August 8, 2020, an executive order was signed that called for deferring the collection of employee’s payroll taxes – specifically the FICA portion (6.2%). Accountants, employers, payroll service providers all await additional guidance to prepare for the September 1st implementation date. Details are sparse but here are general points: Treasury Secretary Mnuchin says deferral…
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COVID-19 and Occupational Tax
Join Mike Baker as he discusses occupational tax issues related to COVID-19 and remote work. One addition to video content – The city of Bessemer also has an occupational tax.
Election 2020: Trump vs. Biden on Tax Policy
Article from Accounting Today – August 2020. While the coronavirus pandemic may have moved the u pcoming presidential election off the front burner for much of the spring and summer, it’s bound to move back as the fall approaches. As the 2020 Presidential election move closer, Crowe LLP has produced a summary of the candidates’…
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Alabama Nonprofit and Faith-Based Grant Programs
Alabama Nonprofit and Faith-Based Grant Programs On July 30, Governor Kay Ivey announced a $50 million grant program to support nonprofit and faith-based organizations that have been financially impacted by the COVID-19 pandemic.
Paycheck Protection Program Update 7.29.20 – Video
Watch our Paycheck Protection Program Update 7.29.20 with Mike Baker and James Moody. This update includes: PPP Update and Statistics Legislative Update Current Forgiveness Overview Recommendations View it now: Paycheck Protection Program Update 7.29.20 At Dent Moses, we are committed to keeping you up to date on new information surrounding COVID-19. Please contact us with any questions or visit the COVID-19…
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