Employee Retention Credit Expanded Under CAA 2021
The Consolidated Appropriations Act, 2021 (CAA 2021), signed into law by President Trump on 12/27/20, includes the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA) which extends […]
Should you Convert from a C to an S Corporation?
The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide […]
New 1099-NEC is Due to Recipients Soon
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, […]
PPP Loan Tax Consequences
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to […]
Q1 2021 Tax Deadlines for Businesses
Here are some of the key Q1 2021 tax deadlines affecting businesses and other employers. Keep in mind that this list isn’t all-inclusive, so there may be […]
Can Your Business Benefit from the Enhanced Employee Retention Tax Credit?
COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax […]
SBA Re-Opening PPP for All Lenders by 1/19/2021
A 1/13/2021 U.S. Treasury Department Press Release reported that the SBA is re-opening the Paycheck Protection Program (PPP) loan portal:
SBA Announces Opening of PPP First Draw Loan Increases
A Procedural Notice has been released by the SBA to it’s employees, as well as PPP lenders related to First Draw PPP Loan increases. Under the Economic […]
California 1099-NEC Filing Requirements
In IRS Tax Tip 2020-80, the IRS explained new Form 1099-NEC, Nonemployee […]
SBA Releases Top Line Overview of First and Second Draw PPP Loans
In a Treasury Department Press Release dated 1/8/2021, the Treasury Department and Small Business Administration (SBA) have announced that the Paycheck Protection […]
