The way the Social Security law is currently written, the average wage index of the year seniors turn 60, combined with other factors such as lifetime earnings, determine...
Bulletins
Did the Stock Market Fall Off a Cliff?
Today looks like March or early April all over again! So far, the DOW, S&P 500 and NASDAQ are all down about 4, 5 and 3% respectively. We are once again looking at...
Tax Implications for PPP Loan Recipients
For those of you who have applied for the PPP Loan, there is some news that may negatively affect the benefits that you receive. We believe that there is a decent chance...
2020 Second Quarter Estimated Tax Payment for Federal and Massachusetts Due July 15, 2020
To our tax clients: Please be advised that the 2020 second quarter estimated tax payments for Federal and Massachusetts are now due July 15, 2020, the same date as the first...
More information about Stimulus Checks & IRS Resources
As information regarding the current pandemic and its impact changes frequently, we are sharing resources and recommendations related to the distribution of Stimulus Checks,...
IRS Portal to Check Status of Economic Impact Payments
The IRS has launched an online Economic Impacts Payment portal and has begun making payments to individuals as stipulated under the CARES Act. We are notifying you for your...
CARES Act: How it affects you
As promised, below find a comprehensive guide to understanding how the CARES act may affect you. Colman Knight is here to guide you as needed, to implement this relief...
Market Ups & Downs
We are witnessing very volatile times and with the market rallying about 17% (on the DOW) after dropping about 10,000 points in less than 20 days, many people want to jump...
We Suspect the Equity Markets Will Fall Again This Morning!
Monday, March 23, 2020 We are expecting the equity markets to fall today due to the fact that Congress has yet to pass a Stimulus package. We saw a similar behavior in March...
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