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CA Legislative Session Concludes for 2020; Prop 15 on Ballot

August 31 was the last day the California Legislature was in session for 2020. Although many tax bills failed to pass, SB 972 and AB 3372 did and are awaiting signature by Governor Newsom. Taxpayers also need to keep a close eye on Proposition 15, which is on the November ballot.
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Tax alerts

US Federal and State Filing and Payment Deadlines Continue to Evolve in Response to COVID-19 Pandemic

IRS issues welcome extension of filing deadline As highlighted in our recent alert, the US Secretary of the Treasury, Steve Mnuchin, had announced on March 17, that US taxpayers would get a 90-day reprieve in settling their 2019 tax bills, extending the tax payment due date to July 15. At the time, this extended payment deadline had been limited to taxpayers owing $1 million or less in taxes. In addition, this payment extension had not changed the original tax return filing deadline of April 15.
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Tax alerts

Tax Filing Deadline Extended to July 15 to Combat COVID-19 Pandemic

On Friday, March 20, the US Secretary of the Treasury, Steve Mnuchin, announced that the federal tax filing deadline would also be extended to July 15. Earlier in the week, the Secretary of the Treasury had provided an extension to the payment deadline but reiterated that the filing deadline would remain at April 15. This is no longer the case as of Friday morning as the filing and payment deadline have now both been extended to July 15, 2020.
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Tax alerts

Tax Payment Deadline Extended to July 15 to Combat COVID-19 Pandemic

On Tuesday, March 17, the US Secretary of the Treasury, Steve Mnuchin, announced that US taxpayers would get a 90-day reprieve in settling their tax bill for 2019, making any tax payments owed not due until July 15. During this same briefing, the Secretary of the Treasury reiterated that the filing deadline would remain at April 15.
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Tax alerts

GTN’s plan of action around COVID-19

As the World Health Organization labeled the coronavirus outbreak or COVID-19 a pandemic on March 11, 2020, we wanted to reach out to our clients, business affiliates, and friends to let you know GTN’s current plan of action in response to these uncertain times.
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Tax alerts

An Overview of the SECURE Act

On December 20, 2019, the President signed into law the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act). Our experts have pulled together some highlights of how the new tax law may affect you.
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Tax alerts

Payroll Changes Affecting Companies that Operate in Ireland

Effective January 1, 2019, employers must report payroll information to Revenue in “real-time.” This means that employers must report payroll information each time their employees are paid, rather than at year-end, which is the current system. 
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Tax Cuts and Jobs Act

2017 Tax Cuts and Jobs Act Overview

On December 20, 2017, Congress passed “An Act to provide for reconciliation pursuant to titles III and V of the concurrent resolution on the budget for fiscal year 2018”. The original, much shorter name, was the “Tax Cuts and Jobs Act”, but it had to be disregarded late in the process in order to not violate the Senate’s Byrd Rule. President Trump signed the bill into law on Friday, December 22, 2017.
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