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What Employers Need To Know About the Amended Employee Retention Credit

December 16, 2021
tax cpa

Employers have new guidance from the IRS about the retroactive termination of the Employee Retention Credit. The Infrastructure Investment and Jobs Act, enacted on November 15,…

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Infrastructure Law Terminates the Employee Retention Credit Early

November 22, 2021
covid-19 relief

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law has retroactively terminated it before…

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What Employers Need to Know About Rehiring Retirees

October 25, 2021
Rehiring Retirees

COVID-19 has caused a labor shortage and forced many employers to find ways to fill open positions, such as rehiring retired employees or retaining employees…

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How Does COVID-19 Affect Financial Reporting and Auditing? Here Are 10 Financial Statement Areas To Watch

October 11, 2021
covid-19 relief

The COVID-19 pandemic is still adversely impacting many businesses and nonprofit organizations. Has your organization factored the effects of the pandemic into its financial statements?…

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IRS Allows More Time To Use Digital Signatures on Some Tax Forms

September 7, 2021
self-employed ppp

The IRS is extending the capability to digitally sign tax forms through the end of the year. Taxpayers can use electronic or digital signatures on…

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Safe Harbor for Employers Claiming the Employee Retention Credit

August 12, 2021
lease accounting

The IRS released a new safe harbor that allows employers to exclude certain items from their gross receipts to determine whether they qualify for the…

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New IRS Guidance on Paid Leave Tax Credit

August 2, 2021
IRS tax guidance

The IRS issued guidance on the paid sick and family leave tax credits under the American Rescue Plan Act of 2021 (ARP). The updates clarify…

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Employer Leave-Based Donation Programs Are Extended

July 12, 2021
employee retention credit

The IRS is extending the tax relief for employer leave-based donation programs aiding victims of the COVID-19 pandemic that was previously provided in Notice 2020-46.…

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Frequently Asked Questions on Tax Credits from the American Rescue Plan

June 15, 2021
tax faqs

The IRS released frequently asked questions regarding claiming credits under the American Rescue Plan. The FAQs provide details on the child and dependent care credit…

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Taxpayers Who Paid Taxes on Unemployment Compensation Receiving Refunds

June 7, 2021
balance-due notices

The IRS began issuing refunds this week to taxpayers who paid taxes on unemployment compensation. The IRS has strived to correct unemployment compensation overpayments, which…

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