Biden Signs COVID-19 Relief Package

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021. Some of the tax-related provisions include the following: 2021 Recovery Rebate Credits of $1,400 for eligible individuals ($2,800 for joint filers) plus $1,400 for each eligible dependent....

Trump Signs PPP Application Extension Bill

On July 4, President Donald Trump signed into law a Paycheck Protection Program (PPP) application extension bill that Congress had quickly passed just before the Independence Day holiday. According to several senators, the measure...

Heckler & O’Keefe’s Response to COVID-19

During this uncertain time, nothing is more critical to Heckler & O’Keefe, CPAs, PC than the health and safety of our clients and employees.  While most of our staff are home working remotely, we are considered an essential service under the Executive Order, Tom...

Tax Relief Provided by the CARES Act

Individual Provisions Rebate checksRecovery rebates for individuals. To help individuals stay afloat during this time of economic uncertainty, the government will send up to $1,200 payments to eligible taxpayers and $2,400 for married couples filing joints returns. An...