Consolidated Appropriations Act Expands Employee Retention Tax Credit
The Employee Retention Tax Credit (ERC) was originally enacted by the CARES Act (PPP1) and is a refundable tax credit... View Article
January 11, 2021 12:16 pmCategories for Uncategorized
Paycheck Protection Program Second Loan Draw
The CARES act authorized the SBA to make loans to qualified businesses under certain circumstances. The Act established the Paycheck... View Article
January 11, 2021 12:15 pmEconomic Impact Payments
Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments (EIP) as part of... View Article
January 11, 2021 12:14 pmPAYCHECK PROTECTION PROGRAM/CARES ACT: ROUND 2
On December 21, 2020, Congress passed legislation that would provide tax and direct spending relief for business and individuals affected... View Article
December 28, 2020 2:12 pm2020 Year End Letter
Dear Clients and Colleagues, Last year’s Tax Cuts and Jobs Act (TCJA) of 2019 was the most sweeping tax reform... View Article
December 14, 2020 3:42 pmTAXABILITY OF PPP LOAN PROCEEDS FORGIVEN
In the original CARES act legislation, the intent was for the Paycheck Protection Program (PPP) forgiveness to be a non-taxable... View Article
November 23, 2020 10:01 amSIMPLIFIED PAYCHECK PROTECTION PROGRAM (PPP) REPORTING
Recipients of Paycheck Protection Program (PPP) loans of $50,000 or less will be able to apply for forgiveness using a... View Article
October 28, 2020 2:57 pmREQUIRED MINIMUM DISTRIBUTIONS (RMD) WAIVED FOR 2020
Included in the massive CARE bill are several relief provisions for retirement accounts. The one that will affect most retirees... View Article
October 28, 2020 2:56 pmQUALIFIED OPPORTUNITY ZONES
The Federal Tax Cuts and Jobs Act of 2017 (“TCJA”), which was enacted at the near end of 2017, created... View Article
October 28, 2020 2:54 pmPAYCHECK PROTECTION PROGRAM FORGIVENESS GUIDELINES
The covered period is either the 24-week period beginning on the loan disbursement date or if the borrower received the... View Article
October 28, 2020 2:53 pm
