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COVID-19 UPDATES & RESOURCES2020-05-28T13:33:44+00:00

COVID-19 ACCOUNTING, AUDIT & TAX UPDATES

This resource page is set up to provide useful information relating to financial matters as a result of COVID-19.  The information provided on this page is compiled from a variety of resources including our team of experts, local government agencies, and more.  At Grossman St. Amour CPAs, we are continuing to work business as usual in all respects, focusing on clients and their tax, audit and accounting matters.  Our entire staff is working remotely and are accessible to you by email and by calling their office or cell phones.    We are carefully monitoring legislative changes and market conditions brought on by the COVID-19 pandemic in order to help our clients make the best decisions for their future.   Here are the most recent updates.

5 Valuable Tax Credits for 2020 Individual Returns

Individuals who are eligible for federal income tax credits can significantly lower their tax obligations. It's important to differentiate between tax credits and tax deductions. A credit usually provides greater tax savings than a deduction, because a credit reduces your tax [...]

February 8th, 2021|

Home Office Deduction: Do you Qualify?

Click here to see the Channel 9 interview about the home office deduction:    Home Office Deduction Do you qualify for the home office deduction?  Kathleen Kaminski, CPA, Senior Manager, talks with Channel 9 on this topic.  For guidance on the [...]

February 1st, 2021|

COVID-19 Related Relief is Signed Into Law

On December 27, President Trump signed the Consolidated Appropriations Act of 2021 (CAA), which provides pandemic relief, as well as other tax and health-related provisions.   The CAA contains the COVID-Related Tax Relief Act of 2020 (COVIDTRA), as well as a government [...]

December 30th, 2020|
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