PPP Application Deadline Extended
President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021, to May 31, 2021, […]
Make the most of the Employee Retention Credit
The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic, has been with us for a year. But questions about […]
Extended tax filing deadline provides relief to individual taxpayers and the IRS
The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. The […]
3/23/2021 – IRS News
The third round of Economic Impact Payments continues to roll out. Eligible recipients will receive up to $1,400 per person, including for all dependents claimed on their tax returns, even […]
3/23/2021 – IRS News
The IRS could “more effectively” prioritize high income taxpayers who owe delinquent taxes, according to one report. The Treasury Inspector General for Tax Administration (TIGTA) found that in past audits, […]
3/22/2021 – IRS News
The IRS has resumed a program under which the U.S. State Department can revoke taxpayers’ passports. Having a “seriously delinquent tax debt” is (unless an exception applies) grounds for denial, […]
Updated guidance on the employee payroll tax deferral
In late January, the IRS updated Notice 2020-65. It provides guidance regarding an executive memorandum signed last summer that allowed employers to defer the withholding, deposit and payment of certain payroll […]
2021 Tax Calendar
To help you make sure you don’t miss any important 2021 deadlines, we’ve provided this summary of when various tax-related forms, payments, and other actions are due. Please review the […]
Corporate Philanthropy
A new tax incentive may give disaster relief funds a huge boost to certain donations from corporations. In 2020, the Consolidated Appropriations Act (CAA) established a new category of “qualified […]
IRS Identity Theft Program Now Open!
The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra layer of security for all taxpayers. Here is what you […]