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
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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
House passes infrastructure legislation; sends bill to President Biden
(authored by RSM US LLP) Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week....
07 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
IRS Issues Employee Retention Credit Gross Receipt Exclusion Procedure
(authored by RSM US LLP) Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test....
11 August, 2021
The IRS Provides Further Guidance on the Employee Retention Tax Credit
(authored by RSM US LLP) The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021....
05 April, 2021
Accounting Considerations for PPP Loans and Employee Retention Credit
(authored by RSM US LLP) Our white papers have been updated with more information regarding the accounting for PPP loans and the Employee Retention Credit....
18 March, 2021