This is an uncertain and stressful time for many of us, and the health and financial well-being of our families, clients, and friends are our top priorities.
We pulled together a variety of resources related to COVID-19 including tax extensions, relief bills, stimulus packages, and investment advice to assist you in navigating the economic impact of this virus.
COVID-19 Relief Assistance & Financial Advice
As the United States heads into the final weeks of the presidential election race, taxes will be a popular talking point. Here is a look at the plans from both candidates.
If your child has been awarded a scholarship, congratulations! But be aware that there may be tax implications. Scholarships and fellowships are generally tax-free, but certain conditions must be met.
After paying into Social Security for all your working years, you may be surprised to learn that the benefits may be taxed in retirement. Here are the rules.
Are you self-employed and operate your business from home or perform certain functions at home that are related to your business? You might be able to claim home office deductions on your tax return.
The SBA has published a new interim final rule related to the Paycheck Protection Program created by the Coronavirus Aid, Relief, and Economic Security Act. The IFR addresses treatment of certain owner-employees and limitations on eligibility of certain non-payroll costs for loan forgiveness.
The Internal Revenue Service has issued guidance to help businesses implement the Presidential Memorandum issued August 8. The order allows employers to defer withholding and payment of the employee’s portion of the Social Security tax if the employee’s wages are below a certain amount, but it left questions and concerns when it was announced.
Using an executive action, President Trump has deferred payroll taxes from Sept. 1 through the end of 2020. But there are many unanswered questions.
Confused by tax reform? You're not alone. We're here to help. View our tax reform articles, seminar video and presentation slides or connect with a tax member.
View the Tax Reform Resources
Congratulations to Vic Alexander, KraftCPAs Chief Manager, for being named the 2019 Nashville Business Journal's Most Admired CEOs Lifetime Achievement Award Winner.
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Watch the videos from the Financial Fraud, HOLY MACRA, Compliance, Blockchain, Practice Management and HIPAA, HITECH & HITRUST seminars.
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"Accurate, prompt, and caring, the Kraft team takes care of all things financial so the board and I can concentrate on serving our members.”
Rebecca Leslie
Executive Director
Nashville Academy of Medicine
"KraftCPAs has taken care of our family businesses for three generations. We sleep better at night knowing that Vic and his team are looking out for our best interest."
Shirley Zeitlin
Chairman
Zeitlin Sotheby's International Realty®
"KraftCPAs shares the Hiscall values of integrity and commitment to customer service. They keep us ahead of the game and always prove to have my best interest at heart."
Gary Luffman
Chief Executive Officer
Hiscall, Inc.
"What's not to love? They're simply the best. KraftCPAs takes care of our family business as if it were their own."
Michael Smith
President
Rio Grande Fence Co.
