IRS Guidance on Q4 Removal of Employee Retention Credit
(authored by RSM US LLP) Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021....
06 December, 2021
COVID-19 Pandemic Tag
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....
19 November, 2021
IRS Clarifies Temporary Deductibility of Per Diem Meal Expenses
(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....
18 November, 2021
The American Labor Market, Business And The Post-Pandemic Economy
(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....
02 November, 2021
President Biden signs American Rescue Plan Act of 2021
(authored by RSM US LLP) $1.9 trillion COVID-19 relief plan with broad individual relief and new coronavirus-related funding enacted into law....
01 November, 2021
Employee Retention Credit Guidance for 2021 3rd and 4th Quarters
Authored by: W. Dale Westenskow, CPA and Greg Ward, CPAThe IRS has recently released guidance to address changes made by the American Rescue Plan Act of 2021 for wages paid...
01 September, 2021
Tax Credits for Paid Leave – Updated Guidance
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...
01 September, 2021
Updates to SBA’s PPP loan FAQ for borrowers and lenders
(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....
19 August, 2021