During the 2020 tax year, significant changes were made to Form 1099 that will affect how to report nonemployee compensation and certain miscellaneous payments. Please review the important details below…
Last March, we sat down with The Hechtman Group client Gil Gibori to learn more about his company The House Tutoring Lounge. With over 20 years in education and entrepreneurship, Gil…
Last week the SBA published the Paycheck Protection Program (PPP) Loan Forgiveness Application. Although the application is not overly technical, there is flexibility in borrower interpretation of information required which…
On March 27, 2020, The Senate and House passed the Coronavirus Aid, Relief and Economic Security Act (CARES) which has now been signed into law and includes the following provisions:…
After extending the April 15 deadline for income tax payment earlier in the week, Treasury Secretary Steven Mnuchin today announced that the income tax filing deadline has been extended 3…
As part of an effort to provide some measure of tax relief during the COVID-19 outbreak, the IRS has pushed back the payment of taxes associated with the April 15…