Hospitality industry may find relief in new ERC expansions
(authored by RSM US LLP) Despite receipt of PPP loans, hospitality businesses may be eligible for retroactive 2020 and new 2021 credits....
04 March, 2021
disaster relief Tag
IRS Extends Tax Deadlines for Texas Winter Storm Victims
Authored by the IRS | IR-2021-43, February 22, 2021Victims of this month's winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns...
23 February, 2021
Extension of COVID-19 Employee Retention Credits
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...
06 January, 2021
New PPP Guidance and Lender Forgiveness Portal
Authored by RSM US LLP SBA releases additional PPP guidance/opens lender forgiveness portal. On Aug. 10, 2020 the Small Business Administration (SBA) Paycheck Protection Program (PPP) Forgiveness Platform went live. This...
17 August, 2020
Tax Relief for Utah Earthquake Victims
The IRS announced residents of Utah will qualify for tax relief due to the earthquakes and aftershocks that took place on or after 3/18/2020. This relief will automatically be applied...
06 August, 2020
Tax-Free Disaster Relief Payments for Employees
A Little Used IRS Code Section Applicable Now for Businesses! Internal Revenue Code Section 139 was initially created as a result of the 9/11 attacks. The intent was to allow employers...
07 April, 2020
COVID-19 Small Business Disaster Assistance Loans
The U.S. Small Business Administration (SBA) has never faced a challenge like the COVID-19 outbreak, but they’re stepping up to help small business owners who are suffering financially during these...
25 March, 2020