Families First Coronavirus Response Act Provides Tax Credits to Both Employers and the Self-Employed

Tax Update – Families First Coronavirus Response Act Provides Tax Credits to Both Employers and the Self-Employed On Wednesday, March 18th, 2020, President Trump signed into law the Families First Coronavirus Response Act (FFCRA). The FFCRA provides various legislative responses to the COVID-19 crisis and includes tax credits for both employers and the self-employed. Employer…

Treasury Secretary Announces 90-Day Payment Extension For Most Taxpayers

As President Trump declared a national emergency, Treasury Secretary Steven Mnuchin stated at a press conference on March 17, 2020, that individuals taxpayers can defer tax payments up to $1 million for 90 days. Corporations can defer up to $10 million of tax payments for 90 days. The $1 million limit for individuals was established…

Exclusive Webinar for FRSCPA Clients

For access to the recorded Webinar from 02/08/2018, please click the link below after registering here: Tax Bill Changes and WOTC – Learn how to leverage tax changes to benefit your business Featured Speakers: Paycor’s Payroll Tax Compliance Team Matt Krenik, HIREtech Martha Ford, CPA, FRSCPA Topics to be Covered: Q & A session to discuss…

Tax Reform is Here!

Congress, after three decades and a few last-minute procedural errors, passed major tax reform!  The Tax Cut and Jobs Act of 2017 has been passed by both the House and the Senate and is on the way to the President’s desk.  As President Trump has heavily touted this bill, his final signature is a sure…

Bottled Water Sales Tax Exemption

McDonald’s Owner/Operators:   It has come to our attention that you have received information from McDonald’s Corporation related to sales tax being charged on bottled water in the restaurants.   We recommend following McCopco’s lead and to stop charging sales tax on sales of bottled water. Bottled water is exempt in Florida, except in cases…