Tag: economic relief

White House American
White House Unveils Plan to Help American Families By Increasing Taxes on the Wealthy

The White House unveiled a plan to assist middle- and low-income families that would be…

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erc guidance
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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Procedures for Change of Ownership for PPP Borrowers
With PPP Extension, Borrowers Should Revisit Guidelines for Ownership Changes

The SBA issued a Procedural Notice to address required procedures for changes of ownership related…

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ppp_loan_extension
Deadline Extended for PPP Loan Applications

The U.S. Senate passed legislation that provides a 60-day extension for eligible employers to apply…

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American Rescue Plan Act
What Individuals Need to Know About the American Rescue Plan Act

The American Rescue Plan Act of 2021 provides additional relief to individuals that continue to…

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COVID Relief Package
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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ERC_FAQS
Employee Retention Credit FAQs Released for 2020 Claims

IRS issued new FAQs describing retroactive changes to the ERC under the new law for…

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GYMS Act Could Offer Relief to Struggling Fitness Businesses
Proposed Relief Would Aid Fitness Businesses Impacted by COVID-19

The Gym Mitigation and Survival Act (GYMS Act) would award grants to gyms and fitness…

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Individual Impact of Recent Stimulus Bill
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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Paycheck Protection Program
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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