SBA Releases Draft Application and Program Guide for Restaurant Fund
(authored by RSM US LLP) SBA releases draft application as well as a program guide for the Restaurant Revitalization Fund. Potential applications should review....
19 April, 2021
small business Tag
IRS Provides Guidance on Business Meal Deductions
(authored by RSM US LLP) Notice 2021-25 provides temporary relief on deductions for food or beverage under the Taxpayer Certainty and Disaster Relief Act....
09 April, 2021
Tax Aspects of President Biden’s American Job’s Plan
(authored by RSM US LLP) Washington National Tax summarizes key tax aspects of President Biden’s American Jobs Plan and the Made in America Tax Plan....
07 April, 2021
QuickBooks Payroll Fraud Scheme
QuickBooks desktop users should be aware of a fraud scheme involving direct deposit payroll. Here's what you should look out for.The scheme works like this:A fraudster will send an email...
02 April, 2021
Restaurant Revitalization Fund (RRF) Update
Much has been written regarding the Restaurant Revitalization Fund (RRF) already. For details on the RRF program please read our previous article. The following provides several important updates on the...
26 March, 2021
PPP Extension to May 31
(authored by RSM US LLP) PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications....
25 March, 2021
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