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Tax Credits for Employers, Part 2- Emergency Family and Medical Leave

The FFCRA includes an expansion of the Family and Medical Leave Act. For qualifying employers, up to 12 weeks of leave must be provided to employees that qualify under this act.  A qualifying need is defined as an employee who is unable to work or telework because the employee needs leave to care for a […]
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Tax Credits for Employers, Part 1- Employee Sick Pay

The Families First Coronavirus Response Act (FFCRA) includes provisions that help employers provide paid sick leave to employees.  Starting 4/2/20, and subject to some limitations and exceptions, employers with fewer than 500 employees must provide both paid and unpaid public health agency emergency leave to certain employees through December 31, 2020.  Many of these payments […]
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April 15 update

Our previous blog post discussed April 15 extensions after IRS issued Notice 2020-17.  These relief provisions were expanded upon in IRS Notice 2020-18.  This notice again formally extends the 2019 tax season filing deadline until July 15, 2020.  This applies to all taxpayers with a due date of April 15.  The return itself, and any […]
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April 15 tax extension

As the impact of the Coronavirus has spread, many people have been asking for guidance about how this might impact your 2019 taxes. On March 13, the President issued an emergency declaration that empowered IRS to extend deadlines for affected taxpayers. In this instance, affected taxpayers are…everyone. However, it still falls to the IRS to […]
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SECURE Act could require amended returns

The SECURE Act was signed into law on December 20, 2019.  While the biggest news from this Act are the changes to retirement plans, including increasing the age at which RMDs begin and removing restrictions for IRA contributions, one of the lesser covered effects was the inclusion of so called “extender” deductions.  This is a […]
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A New Decade

The New Year has arrived and so too has the beginning of a new decade here at Watson & Associates.  Today it is necessary to reflect on how far we have come while also sharing a little more on where we are going.  We want to recognize the vision and hard work that our founder, […]

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