2020 Tax Legislation
H.R. 6201, known as the Families First Coronavirus Response Act in Division E, requires employers to provide each employee paid sick time for specific reasons. A link to the law : https://www.congress.gov/116/bills/hr6201/BILLS-116hr6201enr.pdf The Department of Labor’s outline to be more helpful to explain the bill in more practical terms. https://www.dol.gov/agencies/whd/pandemic/ffcra-employer-paid-leave Here is what the IRS […]
POTENTIAL: Quarterly ES Payment Due Date Changes : Please stay tuned for updates because this bill has not become law and is subject to change. Typically, quarterly estimated tax payments are due April 15th, June 15th, September 15th, & January 15th. The current proposed bill put forth by the Republicans on March 19, 2020, allows […]
Several changes for 2020 are happening. I will be sharing highlights of the proposed bill with you as the legislation works its way through the Senate and House. Stay tuned….