In response to the COVID-19 pandemic, the government is sending $1,200 to single taxpayers with income less than $75,000 ($98,000 with phaseouts). $2,400 is being sent to married taxpayers with income less than $150,000 ($198,000 with phaseouts). An additional $500 is being sent for each child under the age of 17. The payments are based […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Mohammed Mohaisen MBA CPA of Wise Company. Mohammed has joined IR as our exclusive Business Advisory Services, Audit & Assurance Services & Accounting Services member in Palestine. Founded in 2013, Wise Company is a local company licensed in accordance with the amended […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce James C. White, Jr. of Banks, Finley, White & Co. James has joined IR as our exclusive Accounting Services member in US – Alabama. The accounting profession has changed considerably over the past 45 years and Banks, Finley, White & Co. has […]
COVID-19 has changed everyone’s schedule, including the government’s. As we wrote about last month, there have been a number of tax-related changes made this year in response to the pandemic. There have been so many changes, in fact, that we thought it might be helpful to provide an overview of the key changes that have […]
Douglas, Isle of Man – Peregrine Corporate Services Limited (“Peregrine”) is excited to announce the business has re-branded. Established in 1986, Peregrine has been operating in the Isle of Man for almost 35 years as a corporate and trust service provider. “The re-brand discussions started late last year which resulted in Dot Performance being hired […]
Over the past several weeks, millions of Americans have lost their job due to the coronavirus. In response to this unprecedented level of unemployment, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides individuals and businesses financial relief caused by the pandemic. If you find yourself among the millions of newly […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
Small and medium-sized employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed into law […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the stimulus bill that was signed into law on March 27, 2020, contains legislation to stabilize the economy during the coronavirus pandemic. These measures include economic recovery checks for taxpayers, as well as several other tax provisions affecting individuals. Let’s take a look at a few […]
Offering to lend money to cash-strapped friends or family members during tough economic times is a kind and generous offer, but before you hand over the cash, you need to plan ahead to avoid tax complications for yourself down the road. Take a look at this example: Let’s say you decide to loan $5,000 to […]
Due to the coronavirus pandemic, the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. In addition, the payment and return-filing […]