2021 Payroll Tax Requirements | Key Provisions of the New Tax Relief Package | Tax Planning Strategies for End-of-Year 2020 | 2020 Meals and Entertainment | 2020 Tax Data Schedule | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | PPP Loan Forgiveness Guidance Released | May 2020 | April 2020 | New Mandated Employer-Paid Benefits and Costs in Coronavirus Bill | February 2020 | January 2020 | 2020 Payroll Tax Requirements
The IRS and the Treasury have announced that states can conform to recent federal tax benefits (such as the allowance of deductions for amounts paid with forgiven PPP debt) and still benefit from the federal funding provided to states through the American Rescue Plan Act (ARPA). This eliminates the concern about whether California would lose […]
Join us for this informative presentation about the ERC payroll tax credits that can be worth hundreds of thousands of dollars to your company AND help qualified employers keep their employees and businesses running during this pandemic. Register HERE. A confirmation email will be sent to you shortly after receiving your registration. For questions, […]
The IRS issued Announcement 2021-7 clarifying that the purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of coronavirus are deductible medical expenses. The amounts paid for personal protective equipment are also eligible to be paid or reimbursed under health flexible spending arrangements […]
Are you wondering if you can benefit from a business vehicle tax deduction? The big question is whether it is best to lease or buy a car for the business. How do you choose which one is best for you? Here, we look at the various factors you should consider in terms of tax breaks. […]
The American Rescue Plan Act (ARPA) geared towards assisting both individuals and businesses was signed into law on March 11, 2021 by President Biden. It includes new stimulus payment amounts that have an increased amount for every child/dependent. Furthermore, special relief – exempting unemployment income claimed on tax returns – is provided for families struggling […]
