On Tuesday, March 30, the Internal Revenue Service provided another deadline postponement for taxpayers making certain contributions. In extending the deadline to file Form 1040 series returns to May 17, 2021 the IRS is postponing to the same date the time for individuals to make the following 2020 contributions: Individual retirement arrangements (IRAs and Roth […]
On Wednesday, March 17, the U.S. Treasury Department and Internal Revenue Service announced that the federal income filing date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. In addition, any balance due payment for the 2020 tax year is now due on May 17, […]
Last Thursday, President Joe Biden signed the American Rescue Plan Act into law. The $1.9 trillion coronavirus relief bill includes several different provisions such as $1,400 stimulus checks for individuals, extended unemployment benefits, and aid for small businesses and not-for-profits. Click here to read the full text of the law. We encourage you to reach […]
The U.S. Small Business Administration recently laid out its interim final rule revisions to the Paycheck Protection Program. These changes, which are effective immediately, relate to maximum loan amount calculations and program eligibility and apply to PPP loans approved after the effective date of the rule. The SBA will be accepting PPP loan applications through […]
The U.S. House of Representatives passed the latest COVID-19 relief package early Saturday morning. The bill, titled The American Rescue Plan Act of 2021, H.R. 1319), includes several different provisions such as $1,400 stimulus checks for individuals, extended unemployment benefits, and aid for small businesses and not-for-profits. Click here to view the full text of […]
Scheffel Boyle has ranked #12 for number of professionals and #13 for number of CPAs on the St. Louis Business Journal’s annual Largest Accounting Firms lists. Each year, The Journal publishes two lists for ranking CPA firms: one based on number of CPAs and the other on number of professionals (employees required to have continuing education hours). […]
On January 27, the professionals of Scheffel Boyle CPAs explained the latest updates of the Paycheck Protection Program (including changes related to farmers) and Employee Retention Credits. There was a Q&A session at the end of the presentation. A replay of our webinar is now available to watch on demand on Zoom. Please fast forward to […]
Join the professionals of Scheffel Boyle CPAs as they explain the latest updates of the Paycheck Protection Program (including changes related to farmers) and Employee Retention Credits. There will be a Q&A session at the end of the presentation. Click here to register. There is no fee to attend the webinar, but registration is required. […]
On Sunday, December 27, President Trump signed the COVID-19 relief and government funding bill into law. The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 has the following key provisions: Clarification on the deductibility of expenses paid with forgiven PPP loans Additional PPP funding for certain businesses Extends certain tax credits for payroll and […]
The U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill Monday night. The Coronavirus Response and Relief Supplemental Appropriations Act of 2021, as it has been named, still needs to be signed by the President and is not law at this time. A summary of the key terms of the proposed […]
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