The American Rescue Plan Act has passed and includes a third much-anticipated economic impact payment (EIP). This is one of several...

On March 3, SBA released the latest guidance, benefitting specifically Schedule C filers (NOT S corps or partnerships). Here it is, in a...

The Internal Revenue Service has recently announced that, due to the pandemic, they would extend greater flexibility to employee benefit...

In order to help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid,...

Today, the Biden-Harris administration announced the following modifications to the PPP program: Institute a 14-day period, starting...

The IRS is mailing all recipients of Economic Impact Payments a Notice 1444 that provides information about the amount of their payment,...

After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...

Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is a...

Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is a...

The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second...

After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...

After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...

After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...

An additional round of economic impact payments (EIPs) is included in the legislation but the amount is substantially less than the first...

On December 21, Congress passed a much needed COVID-19 relief bill and the President is expected to sign the bill today. The key points...

The IRS’s response to the COVID-19 pandemic has included focused relief from tax penalties, but taxpayers and tax professionals should...

In guidance issued on Wednesday, November 18, IRS reiterated its position that taxpayers cannot claim a deduction for any otherwise...

2020 has given rise to more than the usual tax-planning opportunities.

The whole process of obtaining a PPP loan and applying for forgiveness has been complicated from the start...

There are definitely factors that will determine whether or not a startup will succeed, but they have less to do with the coronavirus...