Advanced Child Tax Credit Explained
The American Rescue Plan Act of 2021 brought an increase to the Child Tax Credit. Check out the following graphic for an easy to read overview. For more details on...
29 April, 2021
American Rescue Plan Tag
President Biden Unveils His American Families Plan
(authored by RSM US LLP) Biden’s plan to grow the middle class, expand economic growth to all Americans and leave the US more competitive funded with tax changes....
29 April, 2021
Paid Leave for Employees Impacted by COVID-19 in 2021
(authored by RSM US LLP) Some employers can give paid leave to employees impacted by COVID in 2021 and claim a payroll tax credit per the American Rescue Plan Act....
22 April, 2021
IRS Will Issue Unemployment Refunds in May
Authored by the Internal Revenue Service | March 31, 2021 To help taxpayers, the Internal Revenue Service will take steps to automatically refund money this spring and summer to people who...
02 April, 2021
Restaurant Revitalization Fund (RRF) Update
Much has been written regarding the Restaurant Revitalization Fund (RRF) already. For details on the RRF program please read our previous article. The following provides several important updates on the...
26 March, 2021
PPP Extension to May 31
(authored by RSM US LLP) PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications....
25 March, 2021
Economic Impact Payments Issued This Week
On March 22, 2021, The Internal Revenue Service announced that the next batch of Economic Impact Payments will be issued to taxpayers this week, with many of these coming by...
23 March, 2021
Restaurant Revitalization Fund
Authored by The National Restaurant Association RESTAURANT REVITALIZATION FUND The American Rescue Plan Act establishes a $25 billion “Restaurant Revitalization Fund” (RRF) within the U.S. Small Business Administration (SBA). Grants: An...
22 March, 2021