Game-changing Updates to the Employee Retention Tax Credit
(authored by RSM US LLP) Paycheck Protection Program (PPP) loan recipients may now qualify for the employee retention tax credit based on new legislation signed....
08 January, 2021
CARES Act Tag
Dec. 2020 Stimulus Payments
Recovery Rebate Stimulus Payments and Credits December 2020 Stimulus Payments The bill provides a refundable tax credit in the amount of $600 per eligible family member. The credit is $600 per...
06 January, 2021
Extension of COVID-19 Employee Retention Credits
This may be one of the most important sections of the December 2020 Tax Act for Businesses. It may provide significant tax credits on Forms 941 and 944. Original Employee Retention...
06 January, 2021
New Stimulus Bill and PPP Updates
On Dec. 22, 2020, Congress passed the latest COVID-19 Relief Bill. This is the largest bill ever passed by Congress at over 5,500 pages. It contains over $900 billion of...
22 December, 2020
Congress Passes Appropriations Bill, Containing COVID-19 Relief Bill
(authored by RSM US LLP) Last minute negotiations pave way for Congress to pass second major COVID-19 stimulus package with tax law changes and tax extenders....
22 December, 2020
Congress Passes Law Containing PPP Tax Fix; Second-Draw Program
(authored by RSM US LLP) After negotiations go to the 11th hour, Congress passes tax fix for PPP, changes to loan forgiveness and establishes second-draw program....
22 December, 2020
A Business Guide to the December Coronavirus Relief Package
(authored by RSM US LLP) The package provides additional funding for the Paycheck Protection Program and allows certain borrowers to draw second round of PPP funding...
22 December, 2020
COVID-19 Relief Act Extends and Improves Many Credits and Incentives
(authored by RSM US LLP) The 2021 Consolidated Appropriations Act passes Congress and includes many extended and improved tax credits and incentives....
22 December, 2020