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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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Restaurant Revitalization Fund Opens Today

May 3, 2021
ppp loan forgiveness application

The Restaurant Revitalization Fund, a $28.6 billion program from the US Small Business Administration to help eligible restaurants, bars, and other qualifying businesses impacted by…

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Did Your Small Business Receive a Paycheck Protection Program Loan? You May Be Eligible for a Safe Harbor

April 26, 2021
ppp loan

A safe harbor is now available to small businesses that received first-round Paycheck Protection Program (PPP) loans. The safe harbor allows recipients who filed their…

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Temporary Procedures for Electronic Signatures on Certain Forms Is Extended Through December

April 21, 2021
self-employed ppp

The IRS is allowing the use of electronic signatures on certain forms until December 31, 2021. The authorization on the IRS forms was set to…

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What Businesses Need To Know About the Temporary Tax Deduction for Food and Beverages

April 12, 2021
ppp loan forgiveness application

The IRS and Treasury issued guidance, Notice 2021-25, on the temporary tax deduction for business meals. The Taxpayer Certainty and Disaster Tax Relief Act of…

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