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PPP Forgiveness and Repayment What Businesses need to know now

A critical deadline is approaching for many of the businesses that have received loans under the Paycheck Protection Program (PPP), which was created in March 2020 by the CARES Act. If these borrowers don’t take…
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The Biden Administration Proposes Far-reaching Tax Overhaul

President Biden recently announced his $1.8 trillion American Families Plan (AFP), the third step in his Build Back Better policy initiative. The announcement followed the previous releases of the proposed $2.3 trillion American Jobs Plan and the…
The American Rescue Plan Act provides sweeping relief measures for eligible families and businesses

The American Rescue Plan Act provides sweeping relief measures for eligible families and businesses

On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The $1.9 trillion law is intended to provide far-reaching relief from the economic and other repercussions of the ongoing COVID-19…
Tax Day for individuals extended to May 17

Tax Day for individuals extended to May 17

The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17,…
Make the most of the Employee Retention Credit

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 it remain for many employers.…
PPP Application Deadline Extended

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, thus providing potential PPP borrowers…
2021 Tax Calendar

2021 Tax Calendar Clarification

We have received numerous inquiries regarding the recently provided tax calendar and the upcoming February 1st deadline mentioned in the newsletter. To clarify, the deadline for your 2020 individual tax filing remains April 15th, 2021.…
2021 Tax Calendar

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 calendar and let us know…
Covid-19 Tax Relief

The Consolidated Appropriations Act Brings COVID-19 Relief (and more) to Individuals

President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll, and…
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The SECURE Act Changes the Rules for Employers On Retirement Plans

With many of the provisions of the SECURE Act now in effect, do you know how they might affect your business?