Stimulus Tag

The federal government waived taxes on PPP loans, but Utah requires businesses to pay taxes on any portions of PPP loans that have been forgiven. Utah along with 20 other...

Self-employed individuals may be entitled to tax credits related to COVID-19.  A self-employed individual who regularly carries on a trade or business, and would have been eligible for qualified sick leave...

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...

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...