American Rescue Plan Act Provisions Affecting Exempt Organizations
(authored by RSM US LLP) The American Rescue Plan Act of 2021 extends and expands support for exempt organizations affected by the coronavirus pandemic....
17 March, 2021
ERC Tag
9 Important Tax Topics for Individuals and Business Owners in 2021
(authored by RSM US LLP) Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond....
17 March, 2021
How to Calculate and Claim ERC
The Employee Retention Credit (ERC) was introduced in March 2020 as part of the CARES Act. The ERC is a refundable payroll tax credit against employee wages designed to make...
11 March, 2021
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
Guidance Issued for Employers Claiming the Employee Retention Credit
(authored by RSM US LLP) Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions....
02 March, 2021
Employee Retention Credit: Answers to frequently asked questions
(authored by RSM US LLP) The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021....
23 February, 2021
Game-changing updates to the Employee Retention Credit
(authored by RSM US LLP) Paycheck Protection Program (PPP) loan recipients may now qualify for the employee retention tax credit based on new legislation signed....
07 January, 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