U.S. Treasury Sec. Steven Mnuchin has announced that individuals and businesses will have until July 15 to file returns, as well as to make payments without interest or penalties. This is a common practice for IRS in disaster situations. Historically it has occurred in specific geographic areas hit by natural disasters like hurricanes, tornados, and […]

The Texas Workforce Commission (TWC) understands that COVID-19 has caused increased concern and uncertainty among jobseekers. Click through to see the resources TWC has made available to jobseekers during this time. https://twc.texas.gov/news/covid-19-resources-job-seekers

The Texas Workforce Commission (TWC) has published various resources in order to assist employers during the COVID-19 outbreak. Click through to see the latest updates from the state to employers and to get the answers to some of employers most frequently asked questions. https://twc.texas.gov/news/covid-19-resources-employers

Texas Gov. Greg Abbott has given instructions for the Texas Workforce Commission (TWC) to waive the one week waiting period for Unemployment Benefits. Click through to see the other requirements that have been waived in the state’s effort to address COVID-19’s impact on the economy. https://twc.texas.gov/news/twc-waives-certain-requirements-unemployment-benefits-services

On March 18, the President signed an emergency relief act for COVID-19 into law, the legislation states that Department of Labor (DOL) will issue a model notice for employers to post notice to employees in regard to the Acts within 7 days and will issue guidelines to assist employers with calculations in no more than […]

Treasury Secretary Steven Mnuchin announced Tuesday that individual taxpayers who owe up to one million dollars in federal taxes can defer paying until July 15, while corporations can defer up to $10 million. “All you have to do is file your taxes – you’ll automatically not get charged interest and penalties,” Mnuchin said. “We encourage […]

To our valued clients, At JRBT, the health and safety of our employees, our clients and the communities in which we live and work is of paramount importance. For this reason, we are taking specific precautions and putting measures in place to help ensure both the safety of our people and our visitors and, also, business […]

In a recent statement, the IRS noted that most taxpayers are issued refunds by the IRS in fewer than 21 days. If yours takes a bit longer, here are six things that may be affecting the timing of your refund: Security reviews—The IRS and its partners continue to strengthen security reviews to help protect against […]

The Internal Revenue Service (IRS) doesn’t require nonprofits to have independent audits, but that doesn’t mean your nonprofit never needs an audit. Some federal, state and local government agencies require audits, as do some banks and foundations. Generally, the requirements relate to the nonprofit’s size or spending. When an Audit Is Required An independent audit […]

The SECURE Act changes a number of important retirement plan rules. The act runs over 120 pages, so the experts will be poring over it for some time. Meanwhile, a number of sources have weighed in on what they think are the key provisions. (Note that more detailed analysis may lead to additional changes in […]