The American Rescue Plan Act has passed: What’s in it for you?
/Congress has passed the 628-page American Rescue Plan Act (ARPA), which includes $1.9 trillion in spending…
Read MoreCongress has passed the 628-page American Rescue Plan Act (ARPA), which includes $1.9 trillion in spending…
Read MoreConsolidated Appropriations Act makes several modifications to the PPP and to the employee retention credit (ERC) originally provided under the CARES Act.
Read MoreIn light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES) Act made some liberalizations…
Read MoreThe Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law. Here’s a look at how the rules for claiming certain tax losses have been modified to provide businesses with relief from the…
Read MoreBusinesses that have or expect to secure a loan under the Payroll Protection Program should begin setting up a system to accumulate the information needed to apply for forgiveness of the loan after the eight-week, post loan origination period. The difficulty with that is no formal…
Read MoreThe law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This is referred to as qualified improvement property (QIP). You may recall that under the Tax Cuts…
Read MoreThe IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided under two laws passed in response to the coronavirus (COVID-19) pandemic. The two laws are the Families First Coronavirus Response Act…
Read MoreA recap of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress's gigantic economic stimulus package that the President signed into law on March 27, 2020…
Read More