TAX COMPLIANCE
BOTH TAXPAYERS AND TAX COLLECTORS HAD A VERY HARD TIMES IN 2020
We have summarized most important updates from most reliable sources and put together the sources that explains the updates in a professional manner.
3 Changes For The 2022 Tax Season click here
Small businesses hit by the pandemic recently got some good news – the $900 billion relief act signed into law by President Donald Trump granted additional funding for the Paycheck Protection Program, a forgivable loan program established by the CARES Act.
For more info click here
2nd round of $10,000 EIDL grant of SBA portal will be available starting 17th of January, 2021;
To qualify for the full targeted $10,000 EIDL grant, a business must:
- Be located in a low-income community, and
- Have suffered an economic loss greater than 30%, and
- Employ not more than 300 employees
For more info click here
Video explaining terms clearly, click here
A couple of fees/local tax waivers are available for new businesses registered in 2020 in California, for more info keep in touch with us CONTACT
A new kind of local Small Business Loans/Credits is available in California and around different states. For more info keep in touch with us CONTACT
New Tax Brackets for 2020 has been released, for more info click here.
2nd round of Stimulus Checks has arrived, more click here.
IRS January 2021 News Updates : click here
How to File for Unemployment in California, click here
