COVID-19: July 15 Is the New April 15 Filing Deadline
March 23, 2020 at 10:45 am | Federal On Saturday the Treasury Department and the IRS just released Notice 2020-18 in an ongoing effort to provide COVID-19 relief. This notice changes the April [...]
Information on the Emergency Paid Sick Leave Act
March 20, 2020 | On March 18, 2020, President Trump signed the Families First Coronavirus Response Act into law. This act impacts many parts of the government’s response to the coronavirus, but [...]
Simon Lever Learning Community Presents: The Importance of Keeping Daily Sales Records
Background: One of the many requirements of a business is to maintain adequate records; such as those for federal, state and local tax purposes. Failure to keep and maintain these records can [...]
Simon Lever Learning Community Presents: A Simpler Alternative to Generally Accepted Accounting Principles (GAAP)
The Financial Reporting Framework for Small and Medium Entities (FRF for SMEs) was issued in 2013 by the American Institute of CPAs (AICPA) in response to the need for a more straightforward [...]
Simon Lever Learning Community Presents: How the TCJA May Impact Your Estate Planning
The Tax Cuts and Jobs Act (TCJA) of 2017 increased the annual and lifetime gift tax exemptions. The changes impact estate planning. What special considerations must the informed person be aware [...]
Simon Lever Learning Community Presents: The Financial Implications of Winning the Powerball
Winning the Powerball can create a lot of joy, but it can also create a lot of headaches. Here’s what to do if you end up being the one in 292 million who wins the jackpot.
Simon Lever Learning Community presents: Fail To Plan; Plan to Fail
Fail to Plan. Plan to fail. As we approach Fall, many businesses begin to think about the new year. It is an exciting time of planning and dreaming about what we want to accomplish over [...]
Simon Lever Learning Community presents: STATES NOW HAVE MORE AUTHORITY TO TAX ONLINE SALES
Background: On June 21, 2018, the Supreme Court of the United States issued a 5-4 ruling in the case South Dakota v. Wayfair. Their decision changed the parameters for States to require an online [...]