New Stimulus Bill and PPP Updates
On Dec. 22, 2020, Congress passed the latest COVID-19 Relief Bill. This is the largest bill ever passed by Congress at over 5,500 pages. It contains over $900 billion of...
22 December, 2020
Tax Planning Tag
Congress Passes Appropriations Bill, Containing COVID-19 Relief Bill
(authored by RSM US LLP) Last minute negotiations pave way for Congress to pass second major COVID-19 stimulus package with tax law changes and tax extenders....
22 December, 2020
COVID-19 Relief Act Extends and Improves Many Credits and Incentives
(authored by RSM US LLP) The 2021 Consolidated Appropriations Act passes Congress and includes many extended and improved tax credits and incentives....
22 December, 2020
Congress passes law containing PPP tax fix; second-draw program
(authored by RSM US LLP) After negotiations go to the 11th hour, Congress passes tax fix for PPP, changes to loan forgiveness and establishes second-draw program....
21 December, 2020
QuickBooks: S-Corp Year-End Adjustments
Attention S-Corp Owners: Now is the time to make year-end QuickBooks adjustments. Don’t forget to add medical health insurance premiums to officer’s W-2s. Check boxes 1 and 14. S-Corp medical health...
14 December, 2020
Tax Consequences of Losing Your Job
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances. The...
10 December, 2020
How to File Taxes After Moving to a New State
Moving to a new state can be an awesome new adventure. Whether you are moving for a new job, to be closer to family, to retire, or for some other reason. No...
10 December, 2020
Business Loss Deductions – CARES Act Changes
To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the CARES Act eases the rules for claiming certain tax losses. This article...
18 November, 2020