The IRS recently issued an Employee Retention Credit (ERC) – 2020 vs 2021 Comparison Chart of the evolution of the […]
Early Termination of Employee Retention Credit
Coronavirus (COVID-19) Resources
On November 5, 2021, the House of Representatives passed the Infrastructure Investment and Jobs Act (Infrastructure Act) that is now […]
Employment Retention Credit for Manufacturing
Coronavirus (COVID-19) Resources, Manufacturing
It comes as no surprise that the pandemic has disrupted the supply chain, which in turn has impaired manufacturing businesses. […]
Business Meal Deductions: How Much Can You Deduct?
Coronavirus (COVID-19) Resources, Tax Planning & Compliance
In 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law, cancelling deductions for a majority of business-related […]
Employee Retention Credit: An Overview and Update
Coronavirus (COVID-19) Resources
The Employee Retention Credit (ERC) is a tax credit, which allows companies to offset their business loss against their payroll […]
IRS Announces Three New Online Tools to Help Families Manage Child Tax Credit Payments
Coronavirus (COVID-19) Resources, Tax Planning & Compliance
As a further measure in providing financial relief to families struggling under the COVID-19 pandemic, the American Rescue Plan Act […]
IRS Clarifies Pandemic Relief for Dependent Care Assistance Programs
Coronavirus (COVID-19) Resources, Tax Planning & Compliance
On May 10, 2021, the IRS explained in Notice 2021-26 that the dependent care assistance program balances carried forward under […]