News & Views – Page 7 – Romano & Associates

2021 Tax Calendar Clarification

We have received numerous inquiries regarding the recently provided tax calendar and the upcoming February 1st deadline mentioned in the newsletter. To clarify, the deadline for your 2020 individual tax filing remains April 15th, 2021.…

By Joe Romano

Emerging Articles

2021 Tax Calendar

To help you make sure you don’t miss any important 2021 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know…

By Joe Romano

Covid-19 Tax Relief

The Consolidated Appropriations Act Brings COVID-19 Relief (and more) to Individuals

President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll, and…

By Joe Romano

Emerging Articles

The SECURE Act Changes the Rules for Employers On Retirement Plans

With many of the provisions of the SECURE Act now in effect, do you know how they might affect your business?

By Joe Romano

Emerging Articles, General

2020 Tax Calendar Important Dates To Know

Reference this tax calendar to learn 2020 deadlines of various tax-related forms and payments.

By Joe Romano

Emerging Articles, General

It’s Time to File Your 2019 1099-Misc Forms

If you made payments to non-employees during the calendar year, you may be required to issue Form 1099 informational filings. The Internal Revenue Service requires that taxpayers engaged in a trade or business issue a…

By Joe Romano

Emerging Articles

Spending Bill Extends Tax Breaks, Adds Retirement Account Provisions

A year-end governmentwide spending bill includes the extensions of almost all of the tax “extenders.” It also introduces the Setting Every Community Up for Retirement Enhancement (SECURE) Act, the first major retirement-related legislation since 2006.

By Joe Romano

Emerging Articles

IRS Updates Rules for Mileage-Related Deductions

Do you or your employees deduct transportation expenses for operating an automobile for business purposes? If so, learn about recent IRS guidance on optional standard mileage rates.