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COVID-19: IRS announces more relief and details

In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing many people, the government has provided a range of relief. Here are some new announcements made by the IRS. More deadlines extended As you probably know, the IRS postponed the due dates […]

Important information on the Federal Coronavirus Relief Package

On Wednesday evening, the Senate passed the latest version of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. If approved by the House of Representatives and made into legislation, the CARES Act will be set to provide over $2 trillion in COVID-19 relief in the form of small business loans, paycheck protection loan forgiveness, […]

Refundable Payroll Tax Credits Program and Relief Loans for Small and Midsize Businesses

The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor announced that small and midsize employers could begin to take advantage of two new refundable payroll tax credits, provided under the Families First Coronavirus Response Act signed on March 18, 2020, and effective April 1, 2020. These credits will reimburse businesses […]

Important Tax Update – COVID-19

On Tuesday, March 17, 2020, the United States Department of Treasury and the Internal Revenue Service announced that they will be providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. It is important to note that the filing deadline for tax returns remains April 15, 2020 and has not been […]

PAAST’s Michael R. Torres, accountant of record for the Cuban Exile History Museum

Michael R. Torres has been appointed to serve as an accountant of record for the Cuban Exile History Museum, a proposed world-class museum in downtown Miami where visitors can embrace the significance of the Cuban exile story. Read Story