Steve Rice, CPA

03/25/2020

The IRS posted 24 questions and answers to clarify the notice delaying certain tax filing and payment deadlines until July 15.

03/21/2020

To our valued clients:

We would like to take this opportunity to express our sincere hope that you are faring well in these uncertain times. I am confident that these current obstacles will evolve into opportunities that will give rise to a better and brighter future. We at Steve Rice, CPA remain dedicated to your success now and in the future.

In response to the current conditions and under the guidance of government officials and CDC best practices, we are temporarily refraining from office visits and client site visits until March 31st. Our staff will remain working remotely during this time to serve you and provide updates. We are accepting electronic documents via email or through Dropbox. If you have hard copy documents that you would like to get to us, you can contact us to make arrangements. We believe this to be the responsible thing to do for the safety and security of our clients and our staff. We will be monitoring the directives of our government officials and make adjustments to these plans as necessary.

As of the writing of this email, the IRS has just issued Notice 2020-18 which effectively extends the tax filing deadline from April 15th for 90 days until July 15th for the 2019 tax year. This notice relates to individuals and corporations.

Additionally, the federal government has issued the following through executive orders and congressional laws:

• Payment of tax liability for 2019 taxes due April 15th extended to July 15th without penalty or interest;
• Federal Student Loan payments delayed 60 days;
• Interest on Student Loans not assessed for 60 days;
• Additional funds available for low interest SBA loans for both businesses and nonprofits;
• Enhanced Unemployment Insurance assistance for those affected;
• Employees guaranteed two weeks sick leave for companies with less than 500 employees.

Congress is also currently debating a third Coronavirus response bill that includes the provisions to eliminate the need to pay employment taxes for the rest of 2020 and two (2) rounds of stimulus checks intended to be delivered to individual taxpayers, the first slated for delivery by April 6th. We will continue to monitor this legislation and inform you of the results.

If you have any questions regarding these developments or would like to discuss how these might affect you or your organization, please call us at 954-263-4878 or email us at [email protected].

02/07/2017

Check out the Steve Rice, CPA February Newsletter

01/27/2016

Check out the January Steve Rice, CPA Newsletter!

04/30/2015

Read the April edition of the Steve Rice, CPA Newsletter!
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Any successful business would tell you that in order to stay competitive and remain in business, you must keep one eye on the current trends and the other to the future and what is coming down the pipeline. The same can be said in the world of not-for-profit organizations that depend on philanthropi…

11/25/2014

Check out the October and November Steve Rice, CPA, Inc. Newsletters!

November: The Gift of Gratitude
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October: Building a Better Board
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Board governance is critical to the life of a not-for-profit. It is important for the Board members to be properly trained for the role and cognizant of what their role is for the success of the organization. Where difficulties appear is when Boards are operating in ineffectual ways, with the best o…

09/30/2014

Take a look at the Steve Rice, CPA September newsletter!

As many of us are returning to work after a summer rest looking forward to the beginning of a new fall season, it is difficult to accept that the end is approaching. Not the end of your labors or possibly even the end of your budgetary year, but the end of the calendar year which is the busiest and…

05/30/2014

Read the May issue of the Steve Rice, CPA Newsletter!

We've all heard the business adage "it takes money to make money" and, although true in the for-profit arena, in the non-profit world the use of financial resources to generate additional funding can be a tightrope act. The goal, of course, is to raise funds and use those funds to support your organ…

04/07/2014

Check out the April Newsletter!

For years the word 'Audit' has had a negative connotation due in large part to the practices of the IRS and their onerous inspection of individuals' personal financial information that generate greater tax liabilities, penalties, and interest. There is, however, another audit that is a kinder, gentl...

02/28/2014

Take a look at the February Newsletter: 3 Keys to Getting Grants

� At Steve Rice, CPA, Inc. we offer a full range of Attestation Services and best practice Advisory Services to assist you in your grant application process.

01/31/2014

Check out the January Newsletter: Taxes For The Tax Exempt

Payroll TaxesOrganizations have employees (at least, many do). Though there may be some quirks about specific tax obligations at the state and local level, the majority of employment related taxes apply with equal effect to all employers whether tax exempt or not. Sometimes employers will shift the…

12/23/2013

Wishing everyone a Merry Christmas and a Happy New Year!!!