Wondering if any of the COVID relief programs apply to you?

February 17, 2021

CLICK the following topics to find out more. COVID-19-Related Tax Credits: Basic FAQ FAQs: Employee Retention Credit under the CARES Act Deferral of employment tax deposits and payments through December 31, 2020 https://www.taxpayeradvocate.irs.gov/covid-19-home/biztaxrelieftool/ Click the Download button to read about the topic. Employers may claim an employee retention tax creditDownload IRS issues guidance on CARES

DON’T MISS YOUR CHANCE TO GET THE SECOND ROUND OF PPP LOANS

January 22, 2021

To usher in 2021 and provide much needed COVID relief, the SBA resumed the Paycheck Protection Program on January 11. While the first week of the program was available only to select small businesses, the program opened for all on January 19. This second round of funding is available for both first- and second-time borrowers

Introducing SafeSend Returns

January 22, 2021

Beginning in January 2021, we will be implementing our new tax return delivery software, SafeSend Returns. This new platform will automate the delivery, review, and signature of your federal and state income tax returns from the convenience of your computer, smartphone, or tablet. SafeSend Returns is user-friendly, highly secure, IRS approved, and an easier way for

More Coronavirus Relief is Here

December 29, 2020

More Coronavirus Relief is Here(this time you are going to like it!) Surprise, surprise – it seems there was some holiday cheer on Capitol Hill, and a long-anticipated COVID relief bill was passed late last night. Below are a few highlights from the bill expected to be signed by the President this week. Individual Updates

No forgiveness: Small businesses still on hook for rescue loans

September 28, 2020

Click here to see the article. When the government pledged to give small businesses billions of dollars in rescue loans during the pandemic, it was an offer almost too good to refuse: The loans could be forgiven if employers only maintained payroll. In little more than four months, the Paycheck Protection Program doled out $525

TLG at 100 Hole Hike Golf Marathon Benefitting First Tee

September 28, 2020

The mission of The First Tee of Greater Charleston is to positively impact the lives of our local youth by providing structured educational programs that build character, instill life-enhancing values and promote healthy choices through the game of golf. On September 28, 2020, golf enthusiasts will take the formidable challenge to play 100 holes of

A More Impactful Alternative to Paying Your SC Quarterly Estimates

September 1, 2020

State tax credits offset your SC tax liability dollar for dollar and can take the place of estimated tax payments and/or SC withholding. South Carolina offers several credits that not only benefit the taxpayer, but serve SC special needs students, start-up companies, and local businesses. While the below list below is far from all-encompassing, we

IRS issues payroll tax deferral guidance

September 1, 2020

Notice 2020-65, 2020-38 IRB, IR 2020-195 (8/28/2020) In a Notice, the IRS has provided guidance to employers regarding the recent presidential directive to allow employers to defer the withholding, deposit, and payment of certain payroll tax obligations. Background. On August 8, 2020, the President, via a Presidential Memorandum, directed the Secretary of the Treasury (Secretary)

Introducing our newest team member – Mark A. Willcox, CPA

August 26, 2020

Mark, a Senior Tax Manager, joined our team in August 2020. Mark graduated from Trinity International University where he received a Bachelor's in Accounting while starring as the kicker for the school football team and top scorer on the soccer team. Mark thrives in a team environment which makes him a perfect fit for The

IRS temporarily stops mailing notices to taxpayers with balances due

August 26, 2020

August 21, 2020 The IRS has suspended the mailing of three notices – the CP501, the CP503 and the CP504 – that go to taxpayers who have a balance due on their taxes. Although the IRS continues to make significant reductions in the backlog of unopened mail that developed while most IRS operations were closed due to COVID-19, this temporary