COVID-19 Pandemic Tag

The federal government waived taxes on PPP loans, but Utah requires businesses to pay taxes in most situations. Specifically, it is taxable if the PPP/Grant money was used to pay...

(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....

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...

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...

An increased child tax credit is part of the March 2021 American Rescue Plan Act stimulus package. Even though the benefit of a tax credit traditionally isn’t available until after...

Unemployment Benefits We've seen numerous changes to unemployment benefits throughout 2020 and 2021. Now, President Biden’s American Rescue Plan that Congress enacted in March of 2021 has extended the additional $300...