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Bobby M. Bragg

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So far Bobby M. Bragg has created 480 blog entries.

CARES Act – New Guidance on Paycheck Protection Program

By |2020-04-03T13:28:12+00:00April 1st, 2020|Corporate & Partnership Tax, News & Events, Press Releases|

Yesterday afternoon, the US Treasury released official guidance and assistance for implementation of the Paycheck Protection Program as well as the loan application.  UPDATE: SBA PPP Loan Application released April 2, 10 PM. Small businesses and sole proprietorships affected by the coronavirus pandemic can apply for loans beginning this Friday, April 3. Independent contractors [...]

CARES ACT – Retirement Plan Changes

By |2020-04-01T14:14:57+00:00March 31st, 2020|Corporate & Partnership Tax, News & Events, Pension Admin & Consulting, Press Releases|

The new stimulus bill that was signed on Friday, March 27, 2020, known as the CARES Act is a massive and far ranging $2+ TRILLION bill, so it is probably best for us to break it down by sections or likely impacted group.  This Act may be cited as the “Coronavirus Aid, Relief, and Economic Security [...]

JMF Office and Recent Legislative Updates

By |2020-03-25T23:20:18+00:00March 25th, 2020|Accounting & Auditing, Construction, Corporate & Partnership Tax, Creative, Design, Entrepreneurs, Estate & Trust, Financial Institutions, Fraud, Health Care, Hospitality, Individual Tax, Internal Control Evaluation, International, Manufacturing, News & Events, Nonprofit, Oil & Gas, Payroll & Bookkeeping, Pension Admin & Consulting, Press Releases, SALT, Social Security, Technology, Timber|

Dear JMF Clients and Friends: As we mentioned in our communication on March 14th, we are in unprecedented times. We wanted to share another update of what JMF is continuing to do to serve our clients while maintaining a safe work environment.  This remains a fluid situation and we will continue to communicate with you. [...]

Alabama Unemployment Benefit Information for Employers

By |2020-03-25T18:21:39+00:00March 25th, 2020|News & Events, Press Releases|

Many employers are facing possible lay-offs due to the COVID-19 crisis.  The Alabama Department of Labor (ADOL) has provided FAQs related to COVID-19 unemployment questions. According to the Press Release on 3/20/20, Alabama will waive experience rating charges for COVID-19 related claims (your future rates will not increase as a result of these claims).  [...]

Estate and Gift Tax Due Dates Now Also July 15

By |2020-03-27T22:51:40+00:00March 25th, 2020|Estate & Trust, News & Events, Press Releases|

In response to many questions about the filing and payment deadline extension announced Friday in Notice 2020-18, the IRS posted 24 questions and answers on its website Tuesday. Does this relief provided in the Notice apply to estate and gift taxes? A:   No, normal filing and payment due dates continue to apply to estate and gift [...]

Families First Coronavirus Response Act

By |2020-03-25T20:40:54+00:00March 23rd, 2020|Corporate & Partnership Tax, News & Events, Payroll & Bookkeeping|

After a couple of technical corrections by the House, the Senate passed and the President signed into law the Families First Coronavirus Response Act on March 18 (House Bill 6201).  The primary component for employers and employees to understand is the expansion of the FMLA provision and for increased paid sick leave.  The bill [...]

IRS CHANGE: April 15 Filing and Payment Deadlines Moved to July 15

By |2020-03-20T17:53:06+00:00March 20th, 2020|Corporate & Partnership Tax, Individual Tax, News & Events, Press Releases|

This morning, Friday March 20, 2020, the US Treasury officially changed the filing due date for tax returns from April 15, 2020 until July 15, 2020.  Tax returns and tax payments are now both officially due on or before July 15, 2020. This is a welcome change from our communication to you yesterday. The Alabama [...]