by Franskoviak Tax Solutions | Mar 30, 2020 | Coronavirus, COVID19, Government, Important Tax Dates, Information, IRS, IRS Tax Deadlines, tax planning, Tax Season, taxes
The biggest piece of the recent stimulus legislation was the expansion of SBA loans for small business affected by the COVID-19 disaster. It’s called the PAYCHECK PROTECTION PROGRAM (PPP). This announcement will provide the details of this new program. Loans... 
by Franskoviak Tax Solutions | Mar 27, 2020 | Coronavirus, COVID19, current events, Franskoviak News, Government, Important Tax Dates, IRS Tax Deadlines, Small Business, Tax Deadlines, tax planning, Tax Season, Uncategorized
Stimulus – Cares Act Package Senate Bill S. 3548 Cares Act, which stands for” Coronavirus Aid Relief and Economic Security Act”. As we speak the bill has passed the senate and is awaiting passage in the House of Representatives. Below I have... 
by Franskoviak Tax Solutions | Mar 19, 2020 | C Corporation, Coronavirus, current events, Franskoviak News, Important Tax Dates, IRS Tax Deadlines, Small Business, Tax Deadlines, Tax Season, taxes
Recent announcement by Michigan Department Treasury is that penalties and interest will be waived for 30 days for some Sales, Use and Withholding Tax filers. Businesses that have experienced disrupted operations due to the COVID-19 pandemic now have additional time to... 
by Franskoviak Tax Solutions | Mar 19, 2020 | Coronavirus, COVID19, current events, Franskoviak News, Important Tax Dates, Information, IRS Tax Deadlines, Small Business, Tax Deadlines, tax filing, Tax Season
In a press briefing Tuesday morning, US Treasury Secretary Steven Mnuchin said that individual taxpayers who owe up to a million dollars in federal taxes to IRS can defer paying until July 15, while corporations can defer up to $10 million. “All you have to do is file... 
by Franskoviak Tax Solutions | Mar 13, 2020 | C Corporation, Coronavirus, current events, Franskoviak News, Government, Important Tax Dates, Information, IRS Tax Collection, IRS Tax Deadlines, tax deductions, Tax Season
Crazy and hysterical is how I would describe it as I sit here and watch the financial markets go into a complete meltdown. I wonder how can an influenza virus that was just identified less than 3 months ago, cause such worldwide panic to our financial systems and... 
by Franskoviak Tax Solutions | Jan 20, 2020 | current events, Educational, Information, tax planning, Tax Season
Choosing a Tax Preparer Who is Right for You If you own a business and simply don’t stay up with all the recent tax law changes, or maybe you just don’t want to deal with taxes, then it is smart to choose the services of a competent tax professional and adviser to... 
