QuickBooks Payroll Fraud Scheme
QuickBooks desktop users should be aware of a fraud scheme involving direct deposit payroll. Here's what you should look out for.The scheme works like this:A fraudster will send an email...
02 April, 2021
small business Tag
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 Taxable in Utah and Other States
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...
25 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
9 Important Tax Topics for Individuals and Business Owners in 2021
(authored by RSM US LLP) Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond....
17 March, 2021
How to Calculate and Claim ERC
The Employee Retention Credit (ERC) was introduced in March 2020 as part of the CARES Act. The ERC is a refundable payroll tax credit against employee wages designed to make...
11 March, 2021
Employee Retention Credit: Answers to Frequently Asked Questions
(authored by RSM US LLP) The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021....
25 February, 2021
Exclusive Access Period Coming to PPP
(authored by RSM US LLP) Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees....
23 February, 2021