financial news


Stay up-to-date with Salazar CPA and all the latest financial news.

July 10, 2020

President Signs PPP Application Extension Bill Into Law

On July 4, President Trump signed S 4116 into law. The bill extends the Paycheck Protection Program (PPP) loan application deadline until August 8. Background The Coronavirus […]
July 1, 2020

Don’t Forget About Your 2019 Tax Return

Earlier this year, in response to the novel coronavirus (COVID-19) crisis, the IRS postponed numerous federal tax filing and payment deadlines. If you took advantage of […]
June 30, 2020

IRS Explains Economic Impact Payment Tax Implications – Federal Tax Update

In e-News for Tax Professionals, the IRS has explained the tax implications of receiving an economic impact payment (EIP). Background:  As part of the CARES Act, IRS […]
June 5, 2020

Protecting Yourself From Opportunistic Fraud

The novel coronavirus (COVID-19) crisis has spurred much confusion and unprecedented economic challenges. It has also created ample opportunities for dishonest individuals and criminal organizations to […]
May 14, 2020

Can Employees Change Their Health FSA Elections Midyear If Elective Surgery Is Postponed Due to the COVID-19 Pandemic?

QUESTION: One of our employees elected to contribute $2,500 to his health FSA for 2020 to cover the expense of anticipated elective surgery. Due to the […]