One of the biggest benefits of converting a traditional retirement plan to a Roth IRA is that it can lower your taxes in the future. While there's no upfront t... Read More

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides relief to taxpayers by modifying the rules for distributions and loans from certain tax-advantaged re... Read More

When the CARES Act was passed in March 2020 the Employee Retention Credit was created.   This credit was created to encourage businesses to keep their employees on p... Read More

The Payroll Protection Program Flexibility Act (PPPFA) was signed by President Trump on Friday, June 5th. The Act provides needed changes to the original requirements for fo... Read More

THE PAYROLL PROTECTION PROGRAM FLEXIBILITY ACT WAS PASSED JUNE 5, 2020.  FIND UPDATED INFORMATION HERE.    For many business owners, the top questions of ... Read More

By: Lisa Hastings   The current situation has forced everyone to respond to and manage unprecedented changes with lightning speed. Business owners must also move ... Read More

The State of Maryland is coming to the aid of its small businesses and manufacturers that have been impacted by the COVID-19 pandemic.  The State has authorized $130 mill... Read More

In addition to state-specific loan funds and the Paycheck Protection Provision loans mentioned in the “Federal Coronavirus Stimulus Package”, the SBA has activat... Read More

President Trump signed The Coronavirus Relief Bill (The CARES Act) the largest economic relief plan in American history on March 27, 2020.  This bipartisan $2 trillion ... Read More

The Families First Coronavirus Response Act was signed into law March 18, 2020 and is effective immediately.  It requires employers with fewer than 500 employees to pro... Read More

Federal Government In an announcement March 20, Treasury Secretary Steven Mnuchin stated that the filing deadline for all individuals and businesses has been moved from Apr... Read More

UPDATED ARTICLE 3/21:  https://www.fawcasson.com/news2/UPDATE--GOVERNMENT-EXTENDS-DUE-DATE.htm   Federal Government   In a press announcement M... Read More

In the past few weeks we have started to feel the impact of the Coronavirus Pandemic (COVID-19) here on the East Coast.  As much is still unknown about how this will af... Read More

The Taxpayer Certainty and Disaster Tax Relief Act of 2019, which was signed into law in December 2019, extended many already expired provisions.  These tax benefits ar... Read More

Most of the recently passed Consolidated Appropriation Act of 2020 focuses on extenders, tax law changes and general federal budgeting.  A piece of this Act that’... Read More