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Erickson, Brown & Kloster, P.C. Newsletter for Thursday, November 05, 2020
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Companies that are structured to be resilient and agile are more likely to succeed through disruptions such as the current pandemic — and any future disruptions. Click through to learn how to operate under an agile model.
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In these uncertain times, many taxpayers who normally were on staff have turned part time or full time to the "gig economy." This means they have to file Schedule C as part of their tax return. Click through for an introduction to the tax requirements.
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Entertainers are among those hardest hit by the COVID-19 pandemic. Nevertheless, their federal income taxes still will be due on April 15. Click here to read more about some of the deductions available to them.
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Are you required by federal law to offer paid leave because of the coronavirus pandemic? If so, you must report the payments on the recipient's Form W-2 or in a separate statement. Click through for reporting details.
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| Erickson, Brown & Kloster P.C.
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| Phone: (719) 531-0445
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| info@ebkcpa.com
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| 4565 Hilton Parkway Suite 101
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| Colorado Springs, CO 80907
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| Any accounting, business, or tax advice contained in this communication, including attachments, is not intended as a thorough, in-depth analysis of specific issues or a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, Erickson, Brown & Kloster, P.C. would be pleased to perform the requisite research and provide you with a detailed analysis |
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