SBA releases two PPP reopening guidance packages. The first for new borrowers and the second for the second-draw program.
SBA releases two PPP reopening guidance packages. The first for new borrowers and the second for the second draw program.
Paycheck Protection Program (PPP) loan recipients may now qualify for the employee retention tax credit based on new legislation signed.
The Act does not lengthen CARES Act COVID plan relief, but offers relief for non-COVID disasters, partial terminations and pension plans.
Last minute negotiations pave way for Congress to pass second major COVID-19 stimulus package with tax law changes and tax extenders.
Final regulations provide accrual taxpayers certain flexibility for recognizing income and offer sought-after cost offset for sale of goods.
TEGE will continue to provide flexibility on IDR enforcement timelines and modified examination procedures due to COVID-19.
After negotiations go to the 11th hour, Congress passes tax fix for PPP, changes to loan forgiveness and establishes second-draw program.
The IRS created a new Form 1099-NEC to report nonemployee compensation with a different due date than Form 1099-MISC.
Last push for stimulus funding before year-end provides PPP deductibility obviating need to plan around nondeductibility of PPP expenses.
The IRS has developed new guidance for processing interest bearing fuel claims, including one-time claims for alternative fuel credits.
The MMBI eased to 123.6 in November from 126.7 in October, reflecting stout middle market business conditions.
IRS guidance on the 15% maximum on automatic contributions, 401(k) and 403(b) plan safe harbor requirements, and plan loan offset rollovers.
Employers may wish to pay Social Security taxes deferred under the CARES Act before the due date and should consider certain items.
Technology is serving as a catalyst to reshape the economy and the construction industry is not immune to this digital transformation.
As the end of the year approaches, it is important to consider strategies to lower your tax liabilities for 2020. In this video, we'll cover strategies that may help you reduce taxes on business income.