The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you.
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Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for the second half of 2022 from 58.5 cents per mile to 62.5 cents per mile.
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With the April tax filing deadline in the rear view, now is the time to take certain tax-related action steps in preparation for next year.
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The IRS is providing penalty relief for certain pass-through entities required to file Schedules K-2 and K-3 for 2021.
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If you receive payments through services such as Venmo or PayPal, be aware that there are new tax reporting requirements beginning this year.
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The sun has set on the valuable Employee Retention Credit. Here’s what happened.
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Congress has passed the Infrastructure Investment and Jobs Act. Find out what tax-related provisions have been built into the new law.
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Fresh IRS guidance is available for employers claiming the Employee Retention Credit in the third and fourth quarters of 2021.
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The SBA has eased the process of forgiving a PPP loan. Here’s how.
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If you’re trying to keep straight all of the tax proposals the Biden administration has recently announced, here’s a handy guide.
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What could President Biden’s tax proposals mean for you? Here’s a brief rundown of the “American Families Plan.”
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President Trump issued an executive order on August 8, 2020 deferring the payroll tax obligation in light of the ongoing COVID-19 pandemic. The order defers the withholding, deposit and payment of payroll taxes during the period September 1, 2020 through December 31, 2020.
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Millions of people have already received their Economic Impact Payments, which are being sent by the government to help mitigate the effects of COVID-19. In some cases, the payments should be returned.
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SEnate Passes PPP Fix which will allow more flexibility in using the PPP funds passed the Senate on June 3.
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The tax consequences of obtaining PPP loan forgiveness and other federal relief options can prove complicated, especially with the IRS and the U.S. Treasury Department regularly releasing new regulations and guidance. We can help you keep up with the latest developments and what they mean for you.
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May 14, 2020, is the revised deadline to repay Paycheck Protection Program loans for borrowers who have chosen the Small Business Administration’s “good faith” self-certification of eligibility option.
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The just-passed $484 billion Interim Stimulus Plan, among other things, replenishes Paycheck Protection Program funds.
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The newest Interim Final Rule for the CARES Act’s Paycheck Protection Program was released April 14, 2020, giving additional clarity for individuals with self-employment income or who are a sole proprietor.
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In the wake of the coronavirus (COVID-19) crisis, the IRS and U.S. Department of Treasury are providing taxpayers additional relief to ease tax burdens.
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