BHT&D Certified Public Accountants Blog

New IRS Form 941: Employment Tax Credits And Other Tax Relief

Posted by Karly Morris on Thu, Jul 02, 2020 @ 12:00 PM

On June 19th, 2020 the IRS published the final revised Form 941 that will be used for the remainder of 2020. The purpose of filing this quarterly form is to report to the IRS the wages subject to social security, Medicare and federal income tax withholding. This new revised form takes into account changes made by the Families First Act and the CARES Act that provided various types of payroll tax relief for employers.

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Tags: Small Business, Employment Tax, Family First Legislation, CARES ACT

IRS Extends Federal Tax Return Filing Date; Issues Update On Families First Legislation

Posted by Joe Turnes on Tue, Mar 24, 2020 @ 12:00 AM

The Internal Revenue Service has extended the federal tax return filing date from April 15, 2020 to July 15, 2020

They have also issued an update on their plan to implement the new paid leave provisions of the Families First Legislation.

The following are other tax related deadlines as of this posting:

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Tags: Business Tax, Individual Tax, COVID-19, Paid Sick Leave, Family First Legislation, Tax Filing Deadline