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Fairman Group Educates Clients About IRS Deadline Extension

The novel coronavirus (COVID-19) has caused a significant interruption to our country over the last few weeks. On March 18, the US Treasury issued Notice 2020-17 which provides new measures to assist taxpayers with their upcoming April 15 tax payments. Taxpayers may now defer up to $1,000,000 of their Federal tax liability. This was originally due on April 15, but is now extended until July 15 without interest or penalties. 

Fairman Group Family Office will continue to monitor and provide updates as more information becomes available. If you have questions about your April 15 payment or filing obligations, they will happily discuss them with you.

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NCCPAP Writes Open Letter to Treasury Secretary Mnuchin

The National Conference of CPA Practitioners is calling on the Treasury and the Internal Revenue Service to push the federal tax filing and payment deadlines to Oct. 15.

In an open letter to Mnuchin, NCCPAP president Neil H. Fishman, CPA, CFE, FCPA, CAMS wrote, “The action taken by the U.S. Department of the Treasury with respect to the preparation and filing of 2019 income tax returns, along with any payments that would be due with those returns in many cases, does not reflect the difficulties that have been imposed on both tax practitioners and their clients by the current crisis.”

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Fairman Group’s Expounds Upon Important CARES Act Provisions

On Friday, March 27 the Coronavirus Aid, Relief, and Economic Security “CARES” Act was signed into law. The key issues covered in the almost 900-page bill include provisions such as providing liquidity to individuals and businesses, expanding unemployment benefits, and incentives for businesses to retain employees. To read more about some of the provisions, click on the link below.

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Fairman Group Answers Questions Regarding Saving for Education

There are many factors to consider when saving for future education costs-the time between now and when the funds are needed, risk tolerance of the investor, investment preference, and individual tax situation. It may be obvious, but Fairman Group always recommends saving for education as early as possible in a child’s life, so that there’s a more sizable time horizon for the money to grow. To read some of the most common questions Fairman Group is asked, click on the link below.

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Markitects Recognized as a Top Digital Agency for Improving Companies’ Online Presence

TopBrandingCompanies.com has recognized Markitects as a Top Digital Agency to Improve a Companies’ Online Presence.

95% of people in North America are internet users, indicating that most consumers are interacting with brands online. This has led brands to invest more in optimizing their online presence. Working with a digital agency can strengthen a brand’s online positioning, generate more qualified leads and increase conversions. Visit our services page for more information and contact the Markitects team if you’re ready to improve your online presence.

Read the full release here!

Proconex’s Fisher™ OEM Parts: Quality You Can Count On

Non-OEM parts can be hazardous to your facility’s health. Despite their budget-friendly appeal, OEM alternative parts may not keep your factory running to its full capacity long term. The high level attention to detail that goes into Fisher™ OEM parts cannot be replicated by another manufacturer. Learn more by clicking on the image below.

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NCCPAP Highlights IRS Virtual Currency Summit

On Tuesday, March 3, National Conference of CPA Practitioners (NCCPAP) President Neil H. Fishman, CPA, CFE, FCPA, CAMS, and its Past President, Tax Chair and IRS National Public Liaison, Stephen Mankowski, CPA, attended the IRS Virtual Currency Summit in Washington, DC. The Summit was hosted by IRS Commissioner Charles Rettig and Assistant Deputy Commissioner, Compliance Integration John Cardone. Read the highlights from the four panel sessions below.

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Markitects Featured in Forbes’ “Ways A Business Can Use Video To Engage Its Audience”

Forbes features Markitects’ Founder & CEO, Francine F. Carb, in their article, “13 Unique Ways A Business Can Use Video To Engage Its Audience”.

Ever since innovations on the web made the embedded video a viable strategy, marketers have realized how vital this visual medium is to get consumers’ attention. As companies started to utilize this new technology, and it became more democratized, the popularity of video as a communication medium exploded.

However, there are several techniques that a business can utilize when their chosen medium is video. To make an impact, a company must stand out with their content.

Markitects has been creating more and more videos on behalf of our clients. These range from ‘explainer videos’ to quick promotional videos and Markitects’ secret recipe includes a lot of animation.

Francine Carb, Founder and CEO of Markitects says, “It seems counterintuitive, but using animation as a video can often communicate a message better than a talking head. The reasons are: the ability to create the scene to suit the message, the flexibility to add captions and transition slides, and the creative freedom to make a point directly, rather than subtly. Animation also enables you to feature brand attributes to support your message.” says Francine Carb, Founder & CEO of Markitects, Inc.

Contact us to learn more about our video marketing services.

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Fairman Group Explains Educational Tax Credits Benefits

A tax credit is a wonderful thing because it lowers your tax bill, dollar for dollar. What could be even better? Lowering your tax bill and having the money go towards the noble cause of education.

Pennsylvania offers two educational tax credits as a means for providing families alternatives to their neighborhood public schools. The Educational Improvement Tax Credit (EITC) is a tax credit for contributions to a qualified Scholarship Organization, Educational Improvement Organization or Pre-Kindergarten Scholarship Organization.

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NCCPAP Releases Its February 2020 IRS NPL Update

Immediate Past President and current Tax Chair, Stephen Mankowski, CPA, recently attended the February 2020 IRS NPL meeting. Highlighted topics include: Taxpayer First Act, New Advisory Group for Foreclosure Notices, and IRS Vision 2020.

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