Authored by the IRS | August 24, 2022 COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being...
Did you know that Employee Retention Credits (ERC) from the Cares Act are still available for many businesses? The ERC benefit can be significant. Up to $5,000 per employee per...
(authored by RSM US LLP) Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021....
(authored by RSM US LLP) IRS releases Rev. Procs. 2021-48, 2021-49 and 2021-50 to address the treatment of tax-exempt income for PPP loans....
(authored by RSM US LLP) The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant....
Authored by the IRS, July 6, 2021 How Self-Employed Individuals and Household Employers Repay Deferred Social Security Tax The Coronavirus Aid, Relief, and Economic Security Act allowed self-employed individuals and household employers...
(authored by RSM US LLP) Widespread labor shortages are hampering companies’ ability to capitalize on an expanding economy as the country recovers from a pandemic....
Tax law changes in 2021 allow some added tax benefits for those donating to charity. Here are four expanded benefits. Non-itemizers get an expanded benefit. The 2017 Tax Act increased...