In response to the extended decrease in the operational capacity of many entities due to COVID-19, the Office of Management and Budget (OMB) has provided administrative, financial management, and audit requirement relief for certain Federal grant regulations.
As the number of novel coronavirus (COVID-19) cases continue to climb both in the U.S. and across the globe, individuals and companies alike are taking steps to navigate this public health emergency. The Coronavirus Aid, Relief, and Economic Security (CARES) Act addresses the economic impacts of the COVID-19 outbreak within the United States. Learn what it means for you and what tax strategies you can take now to increase business cash flow.
Paying your individual income taxes likely represents one of the largest outlays of the year, but it also offers an opportunity for significant savings. Whether you have paid individual income taxes through employer withholding or quarterly estimates, thoughtful planning before the calendar turns to 2020 can reduce your total tax liability and help retain more of your earnings.