Exclusive Access Period Coming to PPP
(authored by RSM US LLP) Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees....
23 February, 2021
small business Tag
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
Self-Employed: COVID-19 Tax Credits
Self-employed individuals may be entitled to tax credits related to COVID-19. A self-employed individual who regularly carries on a trade or business, and would have been eligible for qualified sick leave...
03 February, 2021
PPP Reopening for First Draw borrowers Jan. 11; Second Draw Jan. 13
(authored by RSM US LLP) Treasury Department and SBA announce reopening dates for Paycheck Protection Program - Jan. 11, 2021 and Jan. 13, 2021....
08 January, 2021
Middle Market Trend Watch: Remote Work for the Foreseeable Future
(authored by RSM US LLP) Until a significant amount of the population is vaccinated, widespread remote work will continue to be a standard practice for businesses....
07 January, 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
Error Fixed for Bonus Depreciation for Qualified Improvement Property
Bonus Depreciation for Qualified Improvement Property – Technical Error Fixed Due to a technical error in the December 2017 tax act, qualified improvement property placed in service after December 31, 2017,...
06 January, 2021