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The IRS provides further guidance on the Employee Retention Tax Credit

The IRS provides further guidance on the Employee Retention Tax Credit

The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.
IRS expands filing and payment deadline extension

IRS expands filing and payment deadline extension

This Alert describes and explains the postponement of certain federal tax filing and payment deadlines in IRS Notice 2021-21.
IRS postpones April 15 deadline

IRS postpones April 15 deadline

The IRS announced on Wednesday that it is postponing the deadline for all individual tax returns. Returns otherwise due April 15 will not have to be filed until May 17 this year. The IRS says it will issue formal guidance in the near future.
9 important tax topics for individuals and business owners in 2021

9 important tax topics for individuals and business owners in 2021

Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond.
What we know about the Restaurant Revitalization Fund

What we know about the Restaurant Revitalization Fund

American Rescue Plan Act of 2021 creates $28.6 billion grant program for restaurants and other food or beverage service companies.
Expanded PPP Guidance and Upcoming Deadlines

Expanded PPP Guidance and Upcoming Deadlines

On February 22, 2021 the SBA announced important changes to the Paycheck Protection Program. In this video, we will briefly cover first and second draw loans, recent guidance that expands loan eligibility, and approaching deadlines that you need to know.
Guidance issued for employers claiming the Employee Retention Credit

Guidance issued for employers claiming the Employee Retention Credit

Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
Exclusive access period coming to PPP; other changes forthcoming

Exclusive access period coming to PPP; other changes forthcoming

Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees.
Tax considerations for family offices under the Biden administration

Tax considerations for family offices under the Biden administration

Biden’s campaign proposed tax increases that affect family offices, including rate hikes on corporations and wealthy individuals.
Expansion of the Employee Retention Tax Credit

Expansion of the Employee Retention Tax Credit

The Consolidated Appropriations Act, 2021 made significant changes to the Employee Retention Tax Credit by extending relief to a greater number of employers and increasing the overall tax benefit. In this video, we will provide an overview of the changes and how they apply for the 2020 and 2021 tax years.
Court holds fuel mixture credit must first offset excise tax liability

Court holds fuel mixture credit must first offset excise tax liability

Tennessee district court holds credit against fuel excise taxes, reduces excise tax liability and must be deducted from production costs.
Biden outlines next round of fiscal aid

Biden outlines next round of fiscal aid

The ambitious plan addresses the public health crisis, pandemic economy damage and the rollout of a national vaccination program.
What You Need To Know About Form 1099-NEC

What You Need To Know About Form 1099-NEC

In 2020, the IRS introduced the Form 1099-NEC for reporting nonemployee compensation. Learn about the form 1099-NEC and how it differs from the form 1099-MISC.
PPP forgiveness and expenses: State tax implications

PPP forgiveness and expenses: State tax implications

States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.
President Biden’s tax plan

President Biden’s tax plan

Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.
Employee retention credit significantly expanded for 2021

Employee retention credit significantly expanded for 2021

The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.