EEOC Addresses Requiring and Incentivizing COVID-19 Vaccination
The EEOC has updated its guidance on whether employers can require proof of COVID-19 vaccination, as well as on incentivizing employees to get vaccinated.
Some Employers are Incentivizing Employees to get COVID-19 Vaccinations
Employers: Are you interested in incentivizing your employees to get vaccinated against COVID-19? If so, here are some options to consider.
From FFCRA to ARPA: The Latest on Paid COVID-related Leave
Many employers have approved (or may soon approve) paid sick time or paid family leave for employees dealing with COVID-19. Here’s what you need to know about the latest rule changes.
The Latest on COVID-related Deadline Extensions for Health Care Benefits
Employers that sponsor health care plans should start devising communication strategies regarding COVID-related deadline extensions and when those extensions may end.
EIDL Loans, Restaurant Grants Offer Relief to Struggling Small Businesses
Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options.
Cafeteria-plan DCAPs get Temporary Boost from COVID-19 Relief Act
Employers: Do you offer a dependent care assistance program (DCAP) under your cafeteria plan? If so, be sure you’re up to speed on how the latest COVID-19 law affects the rules.
COBRA Provisions Play Critical Role in COVID-19 Relief Law
For business owners, the American Rescue Plan Act contains many provisions of interest. Companies that must provide COBRA coverage should read up on the new 100% subsidy.
PPP Application Deadline Extended in New Law
President Biden has signed legislation to extend the application period of the popular Paycheck Protection Program (PPP). This followed a bipartisan 92-7 vote in the U.S. Senate to pass the Paycheck Protection Program Extension Act. This article explains the basics of the program, along with the new deadline for applications.
Extended Tax Filing Deadline Provides Relief to Individual Taxpayers and the IRS
The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. Learn more here.
The American Rescue Plan Act has passed – What’s in it for you?
The latest COVID-19-related stimulus bill, the American Rescue Plan Act, has now passed. How can you benefit?
PPP Loans $150,000 and Under & PPP Loans $2M and Over
The Small Business Administration (SBA) has issued updated forms regarding Paycheck Protection Program (PPP) loan forgiveness. Click here for some key items to note.
Paycheck Protection Program (PPP2) – Second Time Borrowers
The Consolidated Appropriations Act, 2021 was signed on December 27, 2020, which included provisions to the Paycheck Protection Program for second time borrowers. For businesses that took advantage of the PPP loans in 2020, the opportunity to apply has opened for 2021. Click here for information regarding PPP2 second time borrowers.
Paycheck Protection Program (PPP2) – First Time Borrowers
The Consolidated Appropriations Act, 2021 was signed on December 27, 2020, which included provisions to the Paycheck Protection Program for first time borrowers. For businesses that did not take advantage of the PPP loans in 2020, the opportunity to apply for PPP2 loans has opened. Click here for information regarding PPP2 first time borrowers.
Tax Provisions of The Consolidated Appropriations Act, 2021 (the CAA 2021), Signed into Law on December 27, 2020
The Consolidated Appropriations Act, 2021 (the CAA 2021), signed into law on December 27, 2020, is a further legislative response to the coronavirus (COVID-19) pandemic. It was preceded by the CARES Act, which was signed into law on March 27, 2020. The CAA 2021 contains numerous business and individual tax provisions in addition to its spending and other non-tax components. The tax provisions are outlined here.
How the New COVID-19 Relief Law Affects Retirement Benefits
The recently passed COVID-19 relief law affects employers in various ways. This may include the administration of your sponsored retirement plan.
All taxpayers now eligible for Identity Protection PINs
The IRS launched the Identity Protection PIN (IP PIN) program nearly a decade ago to protect confirmed identity theft victims from ongoing tax-related fraud. In recent years, the IRS expanded the program to specific states where taxpayers could voluntarily opt into the IP PIN program. Now, the voluntary program is going nationwide. Learn more here.
New Year, New Fraud to Watch Out For
Although 2020 is over, a new year doesn’t necessarily mean COVID-19-related fraud will disappear. Until the pandemic threat has ended, you’ll need to beware of several current scams and remain alert to emerging threats.
New Law Provides Option to Delay Implementing the Updated CECL Standard
The current expected credit loss (CECL) standard has been delayed again. Under the recently enacted COVID-19 economic relief package, large public banks get a reprieve from implementing the updated rules. Learn more here.
New Law Doubles Business Meal Deductions and Makes Favorable PPP Loan Changes
Businesses received several favorable tax breaks in the COVID-19 relief bill that was recently signed into law. Here are just two of them.
The COVID-19 Relief Law: What’s in it for You?
Can you benefit from the massive new Consolidated Appropriation Act signed into law? Here are some of the tax highlights for individuals.
Energy-Related Tax Breaks Are Extended in the New Law
The massive economic stimulus and government spending law, which was signed on December 27, 2020, extends several energy-related tax breaks. Before the Consolidated Appropriations Act (CAA) was signed, these federal income tax breaks (often called "extenders") were set to expire on December 31, 2020. Extenders are tax breaks that Congress has repeatedly allowed to expire before generally restoring them — often retroactively. Here are some of the tax credits extended in the CAA.