Tag: CARES Act
IRS Issues Additional Guidance on the Employee Retention Credit
On August 4, 2021, the IRS issued Notice 2021-49, which provides long overdue guidance for…
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5 Tax Accounting Method Changes That Can Generate Savings and Cash Flow
Cash flow preservation remains an important focus for many companies as the COVID-19 pandemic continues…
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IRS Issues Guidance for Claiming Employee Retention Credit in 2021
The IRS issued additional guidance for businesses claiming the employee retention credit for the first…
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How Private Equity Funds Can Leverage the Employee Retention Credit
Private equity funds may generate cash by claiming the recently enhanced employee retention credit (ERC)…
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Comprehensive COVID-19 Relief Package Enacted
The latest COVID-19 relief package provides relief to individuals and small businesses, including updates to…
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FAQs for Retirement Plan Sponsors and Employees on CARES Act Relief
The CARES Act was a rapid response by the federal government to help businesses and…
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Interplay of PPP and ERC with the R&D Tax Credit
The CAA addresses the interplay for businesses that intend to claim both the ERC and…
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Individual Tax Impacts of the Consolidated Appropriations Act
The Consolidated Appropriations Act, 2021, is a COVID-relief package that includes a number of provisions…
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PPP Round 2: Key Details & Loan Eligibility Requirements
New PPP funding is available for businesses impacted by COVID-19. Here is a summary of…
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IRS Rules on Federal PPP Expense Deductions; State Tax Questions Remain
The IRS issued a ruling allowing federal tax deductions for PPP expenses, but questions remain…
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