IRS Releases Guidance on Timing of Tax-Exempt Income for PPP Loans
(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) 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 RSM US LLP) Widespread labor shortages are hampering companies’ ability to capitalize on an expanding economy as the country recovers from a pandemic....
(authored by RSM US LLP) $1.9 trillion COVID-19 relief plan with broad individual relief and new coronavirus-related funding enacted into law....
Authored by: W. Dale Westenskow, CPA and Greg Ward, CPA The IRS has recently released guidance to address changes made by the American Rescue Plan Act of 2021 for wages paid...
Authored by: W. Dale Westenskow, CPA, Haynie & Company Partner Paid sick and family leave tax credits Eligible employers can claim the credits for providing leave to employees to accompany a family...
(authored by RSM US LLP) We have updated two of our white papers to reflect an update in the SBA’s PPP loan FAQ for borrowers and lenders....
(authored by RSM US LLP) Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test....