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
COVID-19 Pandemic Tag
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
A business guide to the December coronavirus relief package
(authored by RSM US LLP) The package provides additional funding for the Paycheck Protection Program and allows certain borrowers to draw second round of PPP funding...
21 December, 2020
Haynie Gives: Blood
On Dec. 7th, the Haynie & Company Corporate office hosted an American Red Cross blood drive. Our Salt Lake City team had 33 participants and successfully collected 29 units! Thank...
11 December, 2020
Payment and Deduction of CARES Act Employer Social Security Deferral
(authored by RSM US LLP) Employers may wish to pay Social Security taxes deferred under the CARES Act before the due date and should consider certain items....
09 December, 2020
Treasury Department moves to end select pandemic-era lending programs
(authored by RSM US LLP) The Treasury Department is not extending nine of the 13 liquidity and lending programs aimed at easing the effects of the pandemic....
07 December, 2020
Deductibility of PPP Loan Expenses
IRS Guidance on Deductibility of PPP Loan Expenses The IRS recently issued Revenue Ruling 2020-27 that states that expenses paid using PPP funds are not deductible in 2020 if there is...
23 November, 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