Dec 27, 2021 | Blog Posts
Employers who took advantage of the payroll tax deferral under the Coronavirus Aid, Relief, and Economic Security (CARES) Act may face huge late payment penalties from the Internal Revenue Service (IRS) if they fail to repay at least 50 percent of deferred taxes by...
Nov 23, 2021 | Blog Posts
The U.S. Small Business Administration’s Economic Interest Disaster Loan (EIDL) program is one of the biggest relief options enacted by the federal government to support small businesses’ recovery from the economic impacts of COVID-19. It’s also the...
Nov 17, 2021 | Blog Posts
The Pennsylvania Department of Revenue (DOR) issued guidance on the new sales and use tax law for equipment rental transactions on November 2, effective immediately. The bulletin provided compliance requirements for taxpayers engaged in renting equipment used in...
Sep 23, 2021 | Blog Posts
Hurricane Ida victims can file personal and business tax returns and make tax payments, the Internal Revenue Service (IRS) announced. Those in Pennsylvania can file for tax relief until January 3, 2022. The IRS also provides relief in parts of Louisiana, Mississippi,...
Jul 19, 2021 | Blog Posts
Most eligible U.S. families began receiving Child Tax Credit payments on July 15, a historic tax relief geared toward reducing child poverty, especially at a time when many are struggling financially as the pandemic’s impact lingers. The Child Tax Credit, first...
Jun 24, 2021 | Blog Posts
A Guide to PPP Loan Forgiveness: What You Need to Know The application for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), a fully forgivable loan designed to support small businesses in keeping their workers on the payroll during...
Apr 23, 2021 | Blog Posts
Due to the COVID-19 economic crisis, many employees who lost their jobs or had their hours reduced have also lost their health insurance coverage at a time when access to health services matters the most. As a safety net, the Consolidated Omnibus Budget Reconciliation...
Mar 29, 2021 | Blog Posts
The Consolidated Appropriations Act of 2021 (CAA), signed into law on December 27, 2020, significantly enhanced and extended the Employee Retention Credit (ERC), providing further federal financial relief to businesses impacted by the pandemic. The ERC is a refundable...
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