New tax law presentation discussing rebates, extension of deferred payroll taxes, ppp loans, shuttered venue operators, extension and expansion of credits for paid sick and family leave, unemployment insurance, eidl, and more.
On
December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues
Act (Economic Aid Act) (Pub. L. 116-260) became law. The Economic Aid Act extends the
authority to make PPP loans through March 31, 2021 and revises certain PPP requirements. This
2
interim final rule incorporates the Economic Aid Act amendments required to be implemented
by regulation within 10 days of enactment.
This interim final rule announces the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid
Act).
On December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA) was signed
into law which included additional COVID-19 related relief. Key financial reporting
provisions of the CAA that we believe are of the most interest to our CPEA members are
presented below. The CAA is voluminous and covers a wide range of topics. We
encourage our members to stay abreast of developments related to the CAA as further
analysis and implementation of its provisions progress.
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate […]
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t […]
Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This […]