In the News

Paycheck Protection Program Analysis Tool

Paycheck Protection Program Analysis Tool

RJI CPAs has developed a tool to simplify the application process when applying for a Paycheck Protection Program loan. The tool includes the total amount for which you qualify and the amounts that the SBA may forgive. Contact RJI CPAs today for your custom analysis....

The CARES Act and What it Means to You

The CARES Act and What it Means to You

The $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, 2020. The Act aims to provide economic relief through a multitude of provisions including tax breaks, unemployment benefits, loan forgiveness, and...

Coronavirus (COVID-19): Tax relief for small businesses

Coronavirus (COVID-19): Tax relief for small businesses

Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief. In a separate development, the IRS has issued guidance allowing taxpayers to defer any amount of federal...

The IRS extends the federal income tax payment deadline

The IRS extends the federal income tax payment deadline

After U.S. Treasury Secretary Steven Mnuchin’s announcement that the deadline for paying federal income taxes would be extended, the IRS released guidance on March 18 outlining the details. IRS Notice 2020-17 follows up on President Trump’s Emergency Declaration that,...

The IRS provides guidance on meal and entertainment deductions

The IRS provides guidance on meal and entertainment deductions

The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December 31, 2017. Among other things, the proposed regs clear up lingering confusion regarding whether meals are considered...

AB-5: California’s Worker Classification Problem

AB-5: California’s Worker Classification Problem

Businesses with workers in California are dealing with a new tax headache this year. In the fallout from the 2018 Dynamex ruling, California lawmakers passed Assembly Bill 5 (AB-5), which makes significant changes to employee classification rules. The new rules...