2020 Filing Season – IRS will accept returns starting Feb 12
The IRS announced today that the 2020 filing season will start about 3 weeks later than usual. The IRS will start accepting returns on Friday... Read More →
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Cromwell Tax & Bookkeeping : Income Tax Preparation – Bookkeeping – Payroll – Fiduciary Accounting and other Accounting Services in Santa Rosa and throughout Sonoma County for over 30 years.
2nd Stimulus Check may arrive by Debit Card
The Treasury Department and the IRS are issuing millions of second stimulus payments (aka Economic Impact Payments) by prepaid debit card to speed delivery of the... Read More →
1099-NEC filing requirement with California
If you own a business you are aware of the requirement to issue 1099s to all service providers who are not corporations who you pay... Read More →
PPP Round 2 will open the week of January 11th
The SBA has announced that the next round of the Paycheck Protection Program (PPP) will open January 11th. The options available are: “Second Draw” Loans for businesses... Read More →
When do I get my 2nd stimulus check?
As part of the COVID-related Tax Relief Act of 2020, additional stimulus payments have been approved. The payments are $600 per person plus $600 for... Read More →
Nothing like a few last minute tax changes to make 2020 complete!
Late on 12/27/2020 the President signed the COVID-related tax relief Act of 2020. The tax-related provisions include: Allowing the deduction of expenses paid with forgiven... Read More →
Balance Due Notices from the IRS
Did you dutifully mail your payment to the IRS and then receive a scary notice from them saying you owe them more money and it... Read More →
Much ado about the Payroll Tax break
On August 8th the White House published an Executive Memorandum that ordered a deferral of social security payroll taxes for employees earning less than $104k per... Read More →