The Consolidated Appropriations Act, 2021 (CAA) signed into law by President Trump on December 27, 2020, includes Division EE, the Taxpayer Certainty and Disaster Relief Act of 2020 which provide a number of new tax provisions, as well as extensions of certain CARES Act tax provisions, including the … [Read more...] about Employee Retention Credit Extended and Expanded
Tax Relief
New COVID Relief Law Includes Many Tax Provisions
The Consolidated Appropriations Act, 2021 (CAA) signed into law by President Trump on December 27, 2020, includes the COVID-Related Tax Relief Act of 2020 (Division N) and the Taxpayer Certainty and Disaster Relief Act of 2020 (Division EE) which provide a number of new tax provisions, as well as … [Read more...] about New COVID Relief Law Includes Many Tax Provisions
Congress Approves New Coronavirus Stimulus Package
After months of negotiations, the U.S. House of Representatives and the U.S. Senate voted last night to approve a new stimulus package, as part of a larger $2.3 trillion appropriations bill to fund the Federal Government for fiscal year 2021. The new stimulus package will provide much-needed relief … [Read more...] about Congress Approves New Coronavirus Stimulus Package
Register Today for December Webinars!
Stay up-to-date on all the changes that took place during 2020 with our year-end accounting and tax update webinars, plus a special Covid-19-related update webinar. Register below! Covid-19 Year-End Update Year-end update on PPP, the latest on loan forgiveness, and other Covid-19 … [Read more...] about Register Today for December Webinars!
IRS Issues New Guidance on Non-deductibility of PPP-related Expenses
On November 18, 2020, the U.S. Treasury Department and Internal Revenue Service ("IRS") issued new guidance clarifying the income tax treatment of expenses, when a Paycheck Protection Program ("PPP") loan has not been forgiven by the end of 2020. This guidance provides additional clarification … [Read more...] about IRS Issues New Guidance on Non-deductibility of PPP-related Expenses
President Issues Executive Orders as Negotiations Over Relief Legislation Stall
On Saturday, August 8, 2020, President Trump signed four executive orders extending Coronavirus (COVID-19) pandemic relief provisions to millions of Americans, following the breakdown of negotiations between the White House and Democratic leaders over the next round of pandemic relief legislation on … [Read more...] about President Issues Executive Orders as Negotiations Over Relief Legislation Stall