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CJBS

Economic Impact Payments

The Treasury Department and IRS have announced that distribution of economic impact payments, made as part of the CARES Act, will begin in the next three weeks and will be distributed automatically, with no action required for most people.
April 7, 2020
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ERC Under the Cares Act

Dear Clients and Friends, The IRS has published frequently asked questions on the employee retention credit that is contained in the CARES Act. Background. The CARES Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 crisis. The credit is available to employers, including non-profits, whose […]
April 3, 2020
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CJBS CARES Act Summary

The passing of the CARES Act on Friday provides relief to small businesses through programs administered by the Small Business Administration (SBA) and other important provisions for relief to individual taxpayers.
March 30, 2020
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Updated Income Tax Filing and Payment Extension Information

Dear Clients and Friends, As we have previously reported, the Internal Revenue Service announced Federal income tax return filing and payment relief by moving the due date for filing tax returns and paying the related taxes from April 15th to July 15th. The Service has released guidance as to which tax returns and their related payments […]
March 27, 2020
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CJBS Business Continuity Update

Dear Clients and Friends, On Friday afternoon Illinois Governor J.B. Pritzker placed a “shelter at home” for all state residents, except to obtain essential items, until April 7th. Several other states have issued similar orders. To help ensure the health and safety of our clients and team members, we have closed our office to allow […]
March 24, 2020
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