It’s Official! Another Round of Stimulus Payments Approved by Congress
The American Rescue Plan Act has passed and includes a third much-anticipated economic impact payment (EIP). This is one of several government measures intended
Covid-19
Are Your Unemployment Benefits Taxable?
With the passage of the CARES Act stimulus package early in 2020, the federal government began supplementing the normal state weekly unemployment benefits by ad
Video: Great News about Unemployment Benefits
Watch this video for the upcoming expansion and changes to the unemployment benefits as the result of President Bidenâs American Rescue Plan.
Mom & Pop Businesses Move to Front of the Line for PPP Loans
At the direction of the White House and effective on Wednesday, February 24, 2021, the SBA will establish a 14-day, exclusive PPP loan application period for bu
Interaction between PPP Loans and the Employee Retention Credit
The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial pr
Video: Interaction between PPP Loans and the Employee Retention Credit
The Consolidated Appropriations Act, 2021 liberalized the interaction between PPP loans and the Employee Retention Credit. Watch this video to learn more.
COVID-19 Resource Guide: Taxpayers & Small Businesses
This resource guide covers some key sources of information and news for taxpayers and small business owners in the United States during COVID-19.
Charitable Contributions Deduction Liberalized for 2021
As a means to stimulate charitable contributions during the COVID crisis, Congress made two notable changes for 2020—one allowing taxpayers that don&rsquo
Congress Has Authorized a Second Round of PPP Loans
Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is a second draw of forgivable
Video: COVID Tax Relief Act Updates
The recently released COVID Tax Relief Act provided more than extended unemployment relief and stimulus payments. See a summary of the benefits and if they appl