This episode brings lots of great information on the further impact of the American Rescue Plan.  Included is: 

• Automatic refunds for taxed unemployment payments
• The Shuttered Venue Operator grants available for movie theaters, theaters, zoos, and many more in the entertainment/sports industry
• Extension of PPP
• Tax season extensions
• Retirement contribution extensions
• Restaurant Revitalization Fund grants
• Expansion of Paid Sick Leave
• Employee Retention Credits (and the filing of 941s)

This special release comes after the signing of the American Rescue Plan Act of 2021 March 11, 2021.  The highlights of this bill that are discussed are:

• Individual taxpayer stimulus payments;
• Exclusion of 2020 unemployment compensation from taxable income;
• Changes in Child and Dependent Care Credits;
• Changes in the Child Tax Credit;
• Student Loan Forgiveness is nontaxable;
• SBA Disaster Loan payments are deferred;
• Restaurant Revitalization Fund has been created;
• Paid Sick & Family Leave Credit has been modified and extended; and the
• Employee Retention Credit has been extended. 

Faw Casson reviews key points of the American Rescue Plan Act of 2021.  ***This bill was signed by the President after the recording of this podcast.  Please look for a special release episode offering more details of the bill on 3/17/21.***  We discuss Chris Parris, who tried to swindle the US Dept of Veterans’ Affairs and delve into the COVID fraud that running rampant and how you can protect yourself. 

Faw Casson reviews deceased taxpayers eligibility for stimulus checks, paid sick leave credits, IRS notices that were mistakenly sent and PPP loan updates.  Then you'll hear the tale of Robert Smith, a leader who make a few mistakes. 

Faw Casson reviews the newest proposed COVID-19 relief package highlights including new stimulus payments for individuals, the potential enhancements to the Earned Income Tax Credit, and talks of an increase in the Child Tax Credit.  Are you a sole proprietor? There are benefits from deferring your Social Security Tax and the Paid Leave Act that you should hear about.  Also, we review the story of Scott Menaged, star of reality TV’s “Property Wars” and hear how he literally cheated his business partner to death.

Faw Casson discusses the huge impact the Employee Retention Credit could have on our struggling local businesses, Biden's plans for the future and more.  Then they delve into the tale of David Brooks, who could have been a hero but was overrun with greed. 

This week we dive into the second round of Payroll Protection Program loans and discuss what is different and what has changed from round one.  Then we discuss the Employee Retention Credit that is now available to those businesses who took advantage of the PPP loans.  

Our white collar crime story focuses on Joel Steinger and his brothers and their scam with Mutual Benefits.  

Team Faw Casson reviews the Consolidated Appropriations Act, the new round of PPP loans available in 2021 and other updates in the Act.  Brian discusses Charles Ponzi, the namesake of the Ponzi Scheme.  

Faw Casson discusses tax planning tips for 2020, updates on PPP loans and the Delaware Relief Grant, and the newest tax scam making its rounds.  

They then take a look at the rise and fall of Theranos and its founder and destroyer, Elizabeth Holmes. 

Brian and Tammy review the necessity of year end tax planning and the newest updates on PPP loans.  Then we review the story of Kenneth Star, financial advisor to the stars.