Coronavirus Resource Hub

Get the latest tax and accounting news straight to your inbox and stay up-to-date on the issues affecting your organization

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…

Read More >

Shuttered Venue Operators Grant Program Opens April 8

April 8, 2021
Shuttered Venue Operators Grant

Eligible venues impacted by the COVID-19 pandemic have a new option to receive financial help starting today. The Shuttered Venue Operators Grant (SVOG) program, part…

Read More >

How Employers Can Claim the Employee Retention Credit for 2021

April 5, 2021
PPP

There is new guidance from the IRS for employers claiming the Employee Retention Credit for the first and second quarters of 2021. Notice 2021-23 states…

Read More >

Tax Refunds for Unemployment Income Start in May

April 1, 2021
employer tax credit

Beginning in May, the IRS will automatically refund eligible taxpayers who filed their tax return and reported unemployment income before the recent changes made by…

Read More >

Additional Tax Deadlines for Individuals Are Extended to May 17

March 30, 2021
deadline extended

The IRS is extending additional tax deadlines for individuals from April 15 to May 17. The following deadlines are extended: IRAs and Roth IRAs Making…

Read More >

Personal Protection Equipment Is Now Tax Deductible

March 29, 2021
Personal Protection Equipment

The IRS announced that the purchase of personal protective equipment (PPE) such as masks, hand sanitizer and sanitizing wipes for the primary purpose of preventing…

Read More >

Did You Receive Unemployment Income in 2020? Here’s What You Need to Know

March 22, 2021
balance-due notices

The IRS plans to automatically process refunds for taxpayers who had unemployment income in 2020 and already filed their tax returns before the American Rescue…

Read More >

Tax Filing and Payment Deadline Extended to May 17

March 18, 2021
tax deadline

On Wednesday, March 17, 2021, the Treasury Department and IRS announced that the federal income tax filing deadline for individuals has now been automatically extended…

Read More >

Tax Filing Deadline Expected to Be Extended to May 17

March 17, 2021
tax related actions

According to many news outlets, it is anticipated that the Treasury Department and IRS will soon announce that the income tax filing deadline will be…

Read More >

Deferment Period Extended for Disaster Loans to 2022

March 17, 2021
deadline extended

Small businesses that received an Economic Injury Disaster Loan (EIDL) have more time to pay them. The US Small Business Administration (SBA) has extended the…

Read More >