Coronavirus Resource Hub
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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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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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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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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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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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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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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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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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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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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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