IRS Issues Additional Employee Retention Credit Guidance
The IRS issued Notice 2021-49 on August 4, 2021, providing long-awaited employee retention credit guidance for employers that have taken or are considering taking the ERC.
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The IRS issued Notice 2021-49 on August 4, 2021, providing long-awaited employee retention credit guidance for employers that have taken or are considering taking the ERC.
The Treasury and IRS are providing a gross receipts safe harbor for employers seeking to claim the Employee Retention Credit (ERC), allowing the exclusion of certain amounts in determining eligibility for the credit.
The PPP Form 3509 Loan Necessity Questionnaire (Form 3510 for nonprofits) is no longer required for loan forgiveness.
Many taxpayers will automatically receive monthly advance child tax credit payments beginning July 15th; however, this may not be beneficial for everyone. The deadline to unenroll is June 28th.
The shift to a remote work environment will likely change the way employees work forever. By being intentional, adaptive and flexible, organizational leaders can help ensure that the current workforce is both productive and satisfied while continuing to recruit and retain top talent.
With the first 100 days in the rearview mirror, Biden Administration priorities are shifting to the future. Business leaders should prepare for swift movement in ESG, innovation, infrastructure, tax policy, and other areas of focus.
The American Rescue Plan Act of 2021 – or ARPA – includes expansion of the Child Tax Credit as well as the Child and Dependent Care Tax Credit.
Up to 1 in 5 job changes results in a missing participant; the DOL has issued guidance that addresses the fiduciary responsibilities of plan sponsors related to these plan participants and beneficiaries.
New guidance provides a safe harbor for PPP loan deductions for businesses that received PPP loans in the first round of relief but did not deduct otherwise eligible business expenses because they relied on now-superseded guidance.