Contact Us Follow Us :      | Find Us |
CBIZ Tofias

Subscribe to Our Blog

Client Satisfaction Survey Results

ClientSatisfaction_new

Follow Us

Small Businesses Granted Priority for Remaining PPP2 Funds
Posted by Jenna Peabody on Wed, Feb 24, 2021 @ 05:14 PM

On February 22, the White House announced changes to the Paycheck Protection Program that give exclusive access to certain small businesses.

Year-end legislation provided additional funding and an extension of the Small Business Administration’s Paycheck Protection Program (PPP) for the first quarter of 2021. Effective February 24, the Biden-Harris administration is instituting a 14-day holding period on new PPP applications (sometimes referred to as PPP2 loans) for businesses with 20 or more employees. The goal of the hold is to lessen the PPP competition for small businesses and sole proprietorships that may have had difficulty accessing the federal funds previously.

Read More

Topics: Election, COVID19, Coronavirus, employees, CARES Act, Paycheck Protection Program, PPP Loan, PPP Loan Forgiveness, Biden, PPP2

Biden Administration’s $1.9 Trillion Stimulus Plan Outlined
Posted by Bill Smith on Thu, Jan 28, 2021 @ 06:17 PM

The new Biden administration has many priorities and some ambitious goals. Perhaps none is more immediate than an additional stimulus package to mitigate the deepening impact of a pandemic that has dragged on for nearly a year. After months of declines, initial jobless claims rose again in December to 782,000, which remains above the previous record of 665,000 set in March 2009 (excluding years prior to 1967 when unemployment was measured differently). State legislatures may also implement additional spending cuts in the coming months that could also lead to deleterious effects on unemployment.

With these challenges in mind, it is time to look at the Biden administration’s “American Rescue Plan” to aid in the economic recovery.

Read More

Topics: IRS, Taxes, Election, Tax Reform, COVID19, Coronavirus, Stimulus, #taxplan, Covid vaccine, loans and grants

4 Tax and Legislative Developments to Monitor in the New Legislative Session
Posted by Bill Smith on Wed, Jan 13, 2021 @ 12:44 PM

Amid a chaotic week in Washington D.C., final election results came in that determined the composition of the Senate. Both Georgia Senate seats went to the Democratic candidates, which tipped the balance of power in the Senate to the Democratic party, with Vice President-Elect Kamala Harris presiding as the presumed tie-breaking vote in a chamber evenly split 50-50. This assumes that the Senate Democrats vote along party lines, which is far from certain.

Read More

Topics: election year, IRS, Taxes, Election, Tax Reform, senate, COVID19, Coronavirus, Republican Party, Biden, Harris, #taxplan, Filibuster, democratic party, Legislative Session

Initial Election Results Complicate Chances for Tax Changes in 2021
Posted by Bill Smith on Thu, Nov 12, 2020 @ 02:11 PM

A close 2020 election may dampen prospects for some of the more ambitious tax changes proposed by former Vice President Joe Biden, who was declared the winner of the presidential race over the weekend by several news outlets. The situation is still uncertain, however, with President Trump filing lawsuits challenging the vote count in several states and refusing to concede the election at this time.

Read More

Topics: election year, IRS, Taxes, Election, Trump, COVID19, Coronavirus, Biden, Harris, #taxplan

How the Election Could Affect Your Taxes
Posted by Bob Smith on Fri, Sep 16, 2016 @ 01:49 PM

Comprehensive tax reform changes are commonly heard as presidential campaign promises, but the ideas put forth by the nominees provide some approaches to tax reform with which you should be familiar. What we know of Donald Trump’s and Hillary Clinton’s plans for the federal tax code may indicate future areas of IRS focus or updates.

Read More

Topics: individual tax, election year, Bob Smith, Taxes, Hilary Clinton, Donald Trump, Election, Corporate Taxes, Campaign

Popular Posts