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October 29, 2021/Tax

Build Back Better Revisions Released

On October 28, 2021, the House of Representatives released a revised text of their Build Back Better Bill to reflect the updated reconciliation framework President Biden conveyed to the nation in a televised press conference.

September 24, 2021/Tax

Proposed Tax Law Changes

Much anticipated details have emerged from the House Ways and Means Committee’s draft legislation. We detail many of these tax provisions in question below, and encourage clients to begin planning now for these significant potential changes, particularly from an estate planning perspective.

April 26, 2021/Tax

Paper Filing? Expect IRS Delays

If you find yourself engaging with the IRS manually via paper – through returns, letters, or election forms – you are likely one of the 29 million Americans who are experiencing significant processing delays. As highlighted in a recent CBS News article, these delays are far-reaching and are mostly impacting anyone who does not use […]

March 12, 2021/Tax, Business Planning, COVID-19

American Rescue Plan Act of 2021 Becomes Law

President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) into law on March 11, 2021. Key provisions of this act allow for additional stimulus funds and is the 6th bill enacted by the federal government that focuses on COVID relief. Relief from this bill impacts both businesses and individuals and provides […]

March 2, 2021/COVID-19, Tax

Employee Retention Credit Update

The Employee Retention Credit has become a hot topic for 2020 and into 2021. We provide general information regarding 2020 retroactive changes to the credit, as well as the credit’s extension through 2nd quarter of this year.

January 13, 2021/Tax, Business Planning, COVID-19

Employee Retention Credit Improvements

The Consolidated Appropriations Act of 2021 (Act), signed into law on December 27, 2020, contains significant enhancements and improvements to the Employee Retention Credit (ERC). Learn more about how these updates may impact your business.

January 5, 2021/Tax, Business Planning

January 2021 Payroll Tax and Compensation Reminders

As we ring in the new year, we would like to remind you that this year many not be the same as 2020 when it comes to payroll taxes and compensation and benefit matters. This alert highlights various areas of change and what employers should be focusing on as they review year-end payroll.

December 31, 2020/COVID-19, Tax

2021 Changes to Paycheck Protection Program

The new Consolidated Appropriations Act includes a second draw of Paycheck Protection Program (PPP) loans. It also allows businesses to deduct ordinary and necessary expenses paid from the proceeds of PPP loans. 

December 28, 2020/Tax, COVID-19

Trump Signs Consolidated Appropriations Act Into Law

The passing of the Consolidated Appropriations Act provides much-needed clarification on the tax deductibility of PPP loan forgiveness, a new round of PPP funds available for second- and first-time borrowers, and increases the simplified application forgiveness threshold to borrowers of $150,000 or less.

December 22, 2020/Tax, COVID-19

Consolidated Appropriations Act Addresses Key PPP Concerns

The passing of the Consolidated Appropriations Act provides much-needed clarification on the tax deductibility of PPP loan forgiveness, a new round of PPP funds available for second- and first-time borrowers, and increases the simplified application forgiveness threshold to borrowers of $150,000 or less.

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