The COVID-19 pandemic has created a tumultuous state for businesses across the country as they’ve had to close either temporarily due to state restrictions or permanently due to consecutive months of low to no revenue. Businesses in the restaurant, retail, beauty, and fitness industries have been especially hard-hit with temporary and permanent closures. Now, states are urging business owners to stay on top of their sales tax obligations in order to avoid significant fees and penalties.
Here’s what you need to know if you’ve had to temporarily or permanently close your business.
As consumers become more conscious in their environmental footprint and look for ways to save money, more and more electric vehicles can be seen on the roads today stretching from coast to coast. At this point, most taxpayers know or have heard of an electric vehicle tax credit program, but what they may not know is that there are specific conditions and limitations that must be met, and that some vehicles have actually phased out of the program. So, before you consider an electric vehicle for your next purchase, make sure it qualifies.
Here’s a rundown of what you need to know about the electric vehicle tax credit, how it works, and what qualifies.
On August 8, 2020, President Trump signed an executive order extending certain aspects of COVID-19 relief in the absence of a new bill from Congress. The executive order includes several measures to protect individuals as provisions of the CARES Act expire or have expired.
Here’s what was in the order:
Since March, most of the world, including the construction industry, has been in some form shut down following the COVID-19 pandemic. Depending on your state, you may have been forced into full shut-down, partial shut-down, or been able to continue operating with additional health and safety considerations.
As the COVID-19 pandemic takes a hit on industries across the globe, the legal sector has faced its fair share of unique challenges and circumstances. Work-from-home arrangements, virtual courtrooms, lower client caseloads, and the financial uncertainty that comes with all of it have all played a role. As funding is questioned on the client and firm side, the industry has turned to litigation finance funds, which is on the rise as a direct result of COVID-19. This rise may be fueled by companies who are trying to avoid paying high legal fees in times of uncertainty, and law firms that are considering their liquidity during times of recession.