Posts by: vdtcpa
August 10, 2022
Employee Retention Credit (ERC)

Verdeja, De Armas, Trujillo & Alvarez, LLP (VDTA) is assisting organizationswith financial questions and tax concerns related to the Employee RetentionCredit (ERC). The ERC was established by the Coronavirus Aid, Relief, and Economic Security(CARES) Act, P.L.116-136, in March 2020 in addition to the Paycheck ProtectionProgram (PPP). It provides a per employee refundable credit to eligiblebusinesses based on[…]

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Congress Passes the CARES Act in Response to the Coronavirus Pandemic

The Goal of the act is to stimulate and hopefully impede the tragic impact the Coronavirus has caused by providing over $2 Trillion into the economy. The Act was designed to to provide relief to healthcare industry, individuals and small businesses These plans are complex and difficult to understand sometimes leaving individuals and small business[…]

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Special Rules for Using Retirement Funds for Coronavirus Cost

We at Verdeja, De Armas and Trujillo (VDT) have created a COVID-19 Crisis Department to assist you with your financial questions and tax concerns. In accordance with our previous email, we will be providing you with separate emails regarding the different sections of the Cares Act that may be beneficial to you or your organization. Keep in mind, we are[…]

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The Partners of Verdeja, De Armas, and Trujillo (VDT) hope that you and your loved ones are safe and healthy during these uncertain and unprecedented times. Our offices continue to be open. We are diligently working to interpret the new CARES Act stimulus plan and see how it can benefit you. We have already received[…]

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Coronavirus Stimulus Package

The Senate and the White House approved the Coronavirus stimulus package to sustain workers and businesses that are losing income as the majority of the American economy is shutting down under quarantine orders. Washington officials came into an agreement early Wednesday morning on an approximately $2 trillion stimulus measure to send direct payments and benefits[…]

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