People stand in line while wearing face masks in the Elmhurst neighborhood on April 1, 2020 in New York City. Stephanie Keith | Getty Images America’s top doctor appears to have softened his stance over the effectiveness of face masks when it comes to preventing the spread of the coronavirus. U.S. Surgeon General Jerome Adams […]
First Class Accounts COVID-19 response
For information regarding what you should be doing to respond to COVID-19 in your home or workplace, please refer to the government websites that are updated regularly. It’s essential to focus on reliable and trustworthy information.https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alerthttps://www.health.gov.au/resources/collections/novel-coronavirus-2019-ncov-resources In these uncertain and unprecedented times, being a small business owner is very stressful. We’re so proud of our […]
Employer tax credits form, employee retention credit guidance posted
The IRS on Tuesday issued a new form and instructions for employers to use to obtain advance payments of three tax credits that were created to help businesses cope with the coronavirus pandemic. Employers may file new Form 7200, Advance Payment of Employer Credits Due to COVID-19, to obtain advances of employment taxes that are […]
Webcast: Understanding Market Implications and Bringing Calm Amid Chaos
9 months ago · 1 hour 27 min watch SECTION EXCLUSIVE Help clients stay calm in volatile times COVID-19 is creating significant change in the world and navigating through health concerns, economic uncertainty, and market turbulence is no easy feat. If you are human, you have likely felt some apprehension through it all. A panel […]
IRS waives failure-to-deposit penalties during pandemic
To allow employers to take immediate advantage of various credits enacted in response to the COVID-19 pandemic and to ease employers’ cash flow, the IRS is permitting eligible employers who pay qualifying wages to retain an amount of the payroll taxes equal to the amount of qualifying wages that they paid, rather than deposit them […]
US, Italy and Spain have the most coronavirus cases. These charts show their infection curves
A temporary hospital which is been settled up by members of the California National Guard is seen in Indio, California on March 29, 2020. Apu Gomes | AFP | Getty Images The ongoing coronavirus pandemic has shown few signs of abating and is now one of the largest threats to the global economy and financial markets. […]
Recovery rebate payments to be issued within 3 weeks
The IRS announced Monday that most qualifying taxpayers will receive recovery rebate payments enacted by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, automatically within the next three weeks without having to take any action (IR-2020-61). According to the IRS, some seniors and others who typically do not file returns will need […]
Treasury yields rise, 10-year remains below 0.7% as coronavirus crisis deepens
At around 2:25 a.m. ET, the yield on the 10-year note, which moves inversely to price, was slightly higher at 0.6774%, while the yield on the 30-year Treasury bond was also up at 1.2972%. The U.S. death toll from the coronavirus passed 3,000 on Monday following the deadliest day yet, while more than 164,000 cases […]
JobKeeper payment makes up Government’s 3rd stimulus package
As we try to catch a breath from all the chaos going on with Coronavirus, the Australian Government has released their latest stimulus package called the JobKeeper payment. This package is aimed at helping businesses keep their staff, which will be a lifeline for many people over the coming months. Here a quick overview of […]
Treasury yields fall with coronavirus shutdowns set to drag on
At around 3:10 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at 0.6870% while the yield on the 30-year Treasury bond was down at 1.2634%. President Donald Trump on Sunday extended nationwide social distancing guidelines until April 30, reversing previous claims that the U.S. open for […]