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Tuesday, March 24, 2020

How to Manage COVID-19-Related Business Risks

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The coronavirus (COVID-19) outbreakhas had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to the virus, business owners and managers face an uncertain and stressful future. Faced with faltering demand, anxious employees, health safety risks and a lack of clarity […]

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Saturday, March 21, 2020

Notice 2020-18: Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic

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Yesterday, the IRS issued Notice 2020-18. Notice 2020-18 affects any individual, trust, estate, partnership, association, company or corporation (per IRC section 7701(a) (1)) with a Federal income tax return or a Federal income tax payment due April 15th, 2020.  The due date of the Federal income tax return or Federal income tax payment is automatically […]

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Saturday, March 21, 2020

Federal Aid Package Helps Individuals Affected by COVID-19

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Download as PDF The Families First Coronavirus Response Act (H.R. 6201), became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding. The Act includes up to 80 […]

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Friday, March 20, 2020

IRS Also Extends 2020 Income Tax Filing Deadline to July 15

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The Treasury Department and IRS have announced that the income tax filing deadline has now been extended to July 15, 2020. Earlier this week, Secretary Mnuchin announced the extension of the payment deadline, but did not change the filing deadline. We will continue to provide updates.  If you have any questions, please consult your FCC […]

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Friday, March 20, 2020

COVID-19 Pandemic Poses Complex HR Policy Questions

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Questions from employers and employees about coronavirus (COVID-19) pandemic are multiplying almost as fast as the virus itself. Employers need to rely on a combination of authoritative legal and medical advice, and their own common sense, to keep employees safe. More COVID-19 News: A Tax Deadline Extension and HDHP Treatments President Trump announced that the April […]

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Friday, March 20, 2020

Can Telemedicine Help Tame Health Benefit Cost Inflation?

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Many years ago, telemedicine essentially consisted of interaction between doctors in large hospitals and patients in remote rural clinics via closed-circuit TV. Since then, it has exploded into a far more sophisticated, venture capital-fueled industry. Multiple technologies now equip health care providers with immediate clinical data that can assist them with rapid diagnoses and patient monitoring. […]

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Friday, March 20, 2020

7 Valuable Tax Credits for Small Businesses

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Many people are familiar with tax credits for individual taxpayers, such as the credits for higher education expenses or the child tax credit. But businesses and business owners also may be eligible for some valuable credits that can lower their tax bills. Here are seven credits for small business owners to consider this tax year and beyond. 1. Research Credit […]

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Thursday, March 19, 2020

Tax Payment and Quarterly Estimated Tax Payment Deferral

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Yesterday, the IRS issued Notice 2020-17 which provides guidance on tax payment relief recently announced by Treasury Secretary Steven Mnuchin.  Under Notice 2020-17, a taxpayer with Federal income tax payments due April 15th, 2020, can defer payment until July 15th, 2020.  The relief provided by the Notice applies to both Federal income tax payments due […]

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Wednesday, March 18, 2020

Federal Legislation Release – Our response:

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Dear Clients and Friends of Fust Charles Chambers LLP: We are closely monitoring federal legislative developments in Congress that will provide individuals, families and businesses with financial assistance and appropriations in the wake of the COVID-19 pandemic. They include the following: H.R. 6201, the “Families First Coronavirus Response Act” (FFCR)  The House of Representatives passed […]

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Monday, March 16, 2020

Response to COVID-19 and Our Commitment to You…

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Dear Clients and Friends of Fust Charles Chambers LLP: We want to take this opportunity to update you on the measures Fust Charles Chambers is taking to help keep our people, our clients and communities safe. We understand that many of our clients and contacts may have concerns and specific questions surrounding the timely performance […]

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