Blog

Did You Take Your 2020 RMD Too Soon?

May 18, 2020 Slattery & Holman, P.C.

As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans has been waived for 2020. This is primarily due

Achieving PPP Loan Forgiveness

April 24, 2020 Slattery & Holman, P.C.

Businesses that have managed to secure financing through the Paycheck Protection Program (PPP) are fortunate, but still face deciphering the ambiguous definitions and requirements for determining loan forgiveness. Owners and

Where’s My Recovery Rebate?

April 16, 2020 Slattery & Holman, P.C.

To Our Clients and Friends, As part of the recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act, direct economic recovery payments are being distributed to eligible American taxpayers. Distribution of

Watch Out for Coronavirus-Related Scams

April 09, 2020 Slattery & Holman, P.C.

On Thursday, April 2, the Internal Revenue Service (IRS) issued a warning concerning the development of new scams related to the coronavirus, particularly the recovery rebates legislated by the CARES

CARES Act FAQ: Recovery Rebate

April 09, 2020 Slattery & Holman, P.C.

On March 27^th, President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes an estimated $300 billion in direct payments to

CARES FAQ: Paycheck Protection Program & Economic Injury Disaster Loan

April 06, 2020 Slattery & Holman, P.C.

To Our Clients and Friends, On March 27^th, President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes $10 billion in funding

CARES Act FAQ: Emergency Economic Injury Grants

April 03, 2020 Slattery & Holman, P.C.

On March 27^th, President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes $10 billion in funding to provide emergency grants

CARES Act FAQ: Retirement Plan Withdrawals

April 03, 2020 Slattery & Holman, P.C.

On March 27^th, President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes an allowance for penalty-free early withdrawals from retirement

COVID-19 Scenarios and Benefits Available

March 30, 2020 Slattery & Holman, P.C.

The information on this flier is meant to give a general picture of benefits and rights available in certain COVID-19 work-related situations. Download the PDF here »

Updated State of Affairs, Tax and Compliance Changes

March 28, 2020 Slattery & Holman, P.C.

To Our Clients, It is our hope that you are healthy and safe as the Coronavirus continues to impact our lives in extraordinary ways. We remain alert to news about the