RESOURCE GALLERY

Employee retention tax credit significantly expanded for 2021

Employee retention tax credit significantly expanded for 2021

The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
IRS partially finalizes passthrough interest limitation regulations

IRS partially finalizes passthrough interest limitation regulations

Final regulations address self-charged interest and trading partnerships, but reserve on tiered partnerships and other items.
ASC 740: Year-end provision considerations for 2020

ASC 740: Year-end provision considerations for 2020

A roundup of considerations for companies while preparing income tax provisions for the year-ended Dec. 31, 2020.
PPP reopening for first draw borrowers Jan. 11; second draw Jan. 13

PPP reopening for first draw borrowers Jan. 11; second draw Jan. 13

Treasury Department and SBA announce reopening dates for Paycheck Protection Program - Jan. 11, 2021 and Jan. 13, 2021.
SBA releases guidance on PPP second draw loans

SBA releases guidance on PPP second draw loans

SBA releases two PPP reopening guidance packages. The first for new borrowers and the second for the second draw program.
SBA releases guidance on PPP continued access program

SBA releases guidance on PPP continued access program

SBA releases two PPP reopening guidance packages. The first for new borrowers and the second for the second-draw program.
PPP eligibility expanded to certain section 501(c)(6) organizations

PPP eligibility expanded to certain section 501(c)(6) organizations

Year-end stimulus legislation extends Paycheck Protection Program and expands eligibility for exempt organizations.
Retirement plans under the Consolidated Appropriations Act, 2021

Retirement plans under the Consolidated Appropriations Act, 2021

The Act does not lengthen CARES Act COVID plan relief, but offers relief for non-COVID disasters, partial terminations and pension plans.
The Consolidated Appropriations Act, 2021

The Consolidated Appropriations Act, 2021

On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 into law. In this video, we cover the major provisions of the $900 billion stimulus relief package included in the spending bill.
PPP Expense Deductions & Latest COVID-19 Relief Bill

PPP Expense Deductions & Latest COVID-19 Relief Bill

On Monday night, right before the clock struck midnight the Senate finished a vote to approve a second major stimulus package, along with extending general government funding into the fall of 2021.
Congress passes appropriations bill, containing COVID-19 relief bill

Congress passes appropriations bill, containing COVID-19 relief bill

Last minute negotiations pave way for Congress to pass second major COVID-19 stimulus package with tax law changes and tax extenders.
Permanent excise tax breaks for craft brewers, wineries and distillers

Permanent excise tax breaks for craft brewers, wineries and distillers

Industry backed legislation passed by Congress to make permanent excise tax rate reductions for craft beer, wine, and distilled spirits.
Congress passes law containing PPP tax fix; second-draw program

Congress passes law containing PPP tax fix; second-draw program

After negotiations go to the 11th hour, Congress passes tax fix for PPP, changes to loan forgiveness and establishes second-draw program.
Progress continues on PPP deductibility ‘fix’

Progress continues on PPP deductibility ‘fix’

Last push for stimulus funding before year-end provides PPP deductibility obviating need to plan around nondeductibility of PPP expenses.
IRS issues interim guidance on backlog of fuel credit claims

IRS issues interim guidance on backlog of fuel credit claims

The IRS has developed new guidance for processing interest bearing fuel claims, including one-time claims for alternative fuel credits.