COVID-19 General News

Tax Filing Deadline Unchanged, Tax Payment Deadline Extended

IRS Allows Additional Time to Make Tax Payments, but Tax Return or Applicable Extension Must Still Be Filed by April 15, 2020 On March 18, 2020, the Internal Revenue Service released Notice 2020-17, which extends the due date for a certain amount of federal income tax payments otherwise due on April 15, 2020, for certain…

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SBA Coronavirus Relief Program / Banking Assistance

Brady Ware Capital has information to help business owners through this chaotic time. We understand that many business owners are concerned about their company’s liquidity, debt obligations, and overall cash flow situation. It is our experience that bankers will work with businesses who are affected by the current events, but it is critical to communicate…

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COVID-19 Poses Complex HR Policy Questions

COVID-19 Pandemic Poses Complex HR Policy Questions Questions from employers and employees about coronavirus (COVID-19) pandemic are multiplying almost as fast as the virus itself. Employers need to rely on a combination of authoritative legal and medical advice, and their own common sense, to keep employees safe. “Recognized Hazards” The word “recognized” plays a key…

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Estate Planning Alternatives to Stretch IRAs

Explore Estate Planning Alternatives to Stretch IRAs With a so-called “stretch IRA,” you build up money in a traditional or Roth IRA during your lifetime. Then, after you die, a younger beneficiary can opt to keep the inherited account open for as long as possible and continues to reap the tax-related benefits. Unfortunately, the stretch-IRA…

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IRS Issues New Regs on Deducting Meal and Entertainment Expenses

IRS Issues New Regs on Deducting Meal and Entertainment Expenses The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or incurred after 2017. For example, you can no longer deduct 50% of the cost of taking clients out for a round of golf. However, questions have lingered about…

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